CSR Donation Eligible for Section 80G Deduction as Income Tax Act Contains No Express Bar

Cosmo First Ltd. Vs DCIT (ITAT Delhi) The Income Tax Appellate Tribunal (ITAT), Delhi, partly allowed the assessee’s appeal for Assessment Year 2022-23, involving issues relating to deduction under Sections 80G, 80-IA and 80M of the Income Tax Act, transfer pricing adjustments, interest, and penalty proceedings. The Tribunal followed its earlier decision in the assessee’s own case for Assessment Year 2020-21 on several issues. The principal dispute concerned the denial of deduction under Section 80G for donations treated as Corporate Social Responsibility (CSR) expenditure. During ...