Bangalore ITAT: CSR Donations Eligible for Section 80G Deduction; No 14A Disallowance When No Exempt Income Earned

Schneider Electric IT Business India Private Limited Vs DCIT (ITAT Bangalore) Bangalore ITAT: CSR Donations Eligible for Section 80G Deduction; No 14A Disallowance When No Exempt Income Earned The Bangalore ITAT, in the case of Schneider Electric IT Business India Pvt. Ltd., held that a deduction under Section 80G cannot be denied merely because the donation formed part of the assessee’s Corporate Social Responsibility (CSR) expenditure. The Tribunal observed that while CSR expenditure is specifically disallowed as a business deduction under Section 37(1) by Explanation 2, there is no co...