CSR Donations to Approved Trusts Eligible for 80G Deduction: ITAT Mumbai

Hapag Lloyd India Private Limited Vs PCIT (ITAT Mumbai) Debatable Issue Beyond 263 Jurisdiction-  CSR Donation to Approved Entity Eligible for 80G: ITAT Mumbai Quashes 263 Order- Revisionary Powers Cannot Deny 80G on CSR- CSR Expenses Not Deductible u/s 37(1), But 80G Relief Available if Donated to Approved Trust Hapag Lloyd India Pvt. Ltd. filed appeal against revisionary order u/s 263 passed by PCIT for AY 2020-21.  Assessee had filed return declaring income of ₹10.73 Cr. AO completed assessment u/s 143(3) r.w.s. 144B on 05.09.2022, accepting returned income. PCIT, while examining record...