ITAT Mumbai Allows CSR Deduction Under Section 80G

ACIT Vs Jamnagar Utilities and Power Pvt. Ltd. (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai has upheld the order of the Commissioner of Income Tax (Appeals) [CIT(A)] in the case of ACIT vs. Jamnagar Utilities and Power Pvt. Ltd., allowing deduction under Section 80G for Corporate Social Responsibility (CSR) donations. The Revenue had challenged the deduction, arguing that CSR expenses are a statutory obligation under the Companies Act, 2013, and not voluntary donations eligible for tax benefits. The case originated from the reassessment of Jamnagar Utilities’ tax return for ...