ITAT Mumbai: CSR Donations Eligible for Section 80G Deduction Despite Bar Under Section 37

Genesys International Corporation Limited Vs ACIT (ITAT Mumbai) The ITAT Mumbai held that CSR expenditure, though disallowed as business expense under Section 37, can still qualify for deduction under Section 80G if it satisfies the conditions of that section. In this case, the assessee incurred ₹50 lakh CSR expenditure and claimed deduction of ₹22.60 lakh under Section 80G for donation made to an approved trust. The AO disallowed the claim citing prohibition under Section 37. The Tribunal clarified: Section 37 disallowance of CSR expenses does not automatically bar deduction under Sectio...