CSR Donations Eligible for Section 80G Deduction – ITAT Mumbai Quashes 263 Order

Krishna Processors & Industries Pvt. Ltd. Vs PCIT (ITAT Mumbai) CSR Donations can still fetch 80G Relief – ITAT Mumbai Quashes 263 Order Mumbai ITAT has held that donations made out of Corporate Social Responsibility (CSR) funds to approved charitable institutions can qualify for deduction u/s 80G, provided the stipulated conditions are fulfilled. Consequently, e Tribunal quashed the revisionary order passed by PCIT u/s 263. Assessee-company had filed its return for AY 2020-21 & the assessment was completed u/s 143(3) r.w.s. 144B, accepting the returned income. During the year, Asses...