ITAT Mumbai Deletes ₹49 Lakh 69A Addition on CSR Donation

DCIT Vs Kolar Paper Mills Ltd. (ITAT Mumbai) Kolar Paper Mills Succeeds – Tribunal Deletes ₹49 Lakh 69A Addition on Donation Kolar Paper Mills Succeeds – Tribunal Deletes ₹49 Lakh 69A Addition on Donation- CSR Donation Already Disallowed, No Double Tax- AO Cannot Rely Solely on Third-Party Statement – CSR Donation Not Unexplained Money – Tribunal Upholds CIT(A) Relief Revenue filed appeal against CIT(A)’s order dated 23.12.2024 deleting additions made by AO u/s 69A & 69C. Assessee had filed return declaring income of ₹38.56 crore. A search u/s 132 was conducted on certain c...