Donations to Specified Institutions for CSR Compliance Qualify for Sec. 80G Deduction

Power Mech Projects Ltd Vs DCIT (ITAT Hyderabad) ITAT Hyderabad held that donations given for compliance with Corporate Social Responsibility (CSR) u/s. 135 of Companies Act to institutions mentioned in Section 80G are qualified for deduction u/s. 80G of the Income Tax Act. Facts- The assessee, in the discharge of their obligation towards Corporate Social Responsibility (CSR), contributed a sum of Rs. 44 lakhs to a trust (Power Mech Foundation) which is registered u/s. 12A of the Income Tax Act. According to the assessee since the expenditure was not allowable u/s. 37 of the Act, the assessee ...