Donation to institutions not listed in Schedule (VII) of Companies Act not deductible as CSR expenditure

Vedanta Limited Vs ACIT (Delhi High Court) Delhi High Court held that donations to institutions other than the one enlisted in Schedule (VII) of the Companies Act, 2013 is not deductible as Corporate Social Responsibility. Facts- The appellant has proposed the following question of law whether on the facts and in the circumstances of the case and in law, the ITAT erred in upholding the disallowance of claim of Corporate Social Responsibility (‘CSR’)? The AO disallowed a sum of Rs. 50,36,663/- claimed by the Assessee as expenditure on account of Corporate Social Responsibility (CSR). The le...