CSR Expenditure Not Automatically Bar Section 80G Deduction: ITAT Ahmedabad

Milacron India Private Limited Vs DCIT (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad, partly allowed the assessee’s appeal for Assessment Year 2020-21 and addressed issues relating to transfer pricing adjustment on outstanding receivables, deduction under Section 80G for CSR-related donations, penalty proceedings, and refund of excess Dividend Distribution Tax (DDT). The assessee, engaged in manufacturing plastic processing machinery, filed its return declaring total income of ₹130.75 crore. During scrutiny, the Transfer Pricing Officer (TPO) proposed an adjustment o...