CSR Donations Eligible for 80G Deduction: ITAT Mumbai Clarifies in Revision Case

ABM Knowledgeware Limited Vs Assessing Officer Circle (ITAT Mumbai) ITAT Mumbai held that while revision under Section 263 was valid due to AO’s lack of inquiry, CSR donations made to eligible institutions without quid pro quo qualify for deduction under Section 80G.  Background The assessee’s return was picked up for complete scrutiny under Section 143(2) of the Income-tax Act, 1961. The Assessing Officer (AO) was empowered to verify all claims, including deductions under Schedule BP and Chapter VI-A. However, during assessment, the AO only examined one issue referred to in the scrutiny...