Analysing ITAT Kolkata Decision on Britannia Industries Ltd.’s CSR Contributions & Tax Deductions

Britannia Industries Ltd. Vs Dy. CIT (ITAT Kolkata) Introduction to the Case In the case between Britannia Industries Ltd. and the Deputy Commissioner of Income-tax, the Income Tax Appellate Tribunal (ITAT) in Kolkata delivered a significant verdict on December 14, 2023. This case, cited as IT Appeal No. 461/KOL/2023, pertains to the assessment year 2018-19 and involves key issues around Section 80G of the Income-tax Act, 1961 concerning tax deductions for Corporate Social Responsibility (CSR) contributions. Parties Involved – Plaintiff: Britannia Industries Ltd. – Defendant: Deput...