CSR Donations Eligible for Section 80G Deduction Despite Section 37(1) Disallowance: Delhi ITAT

Advertisement Cheil India Private Limited Vs DCIT (ITAT Delhi) The Delhi ITAT allowed the assessee’s appeal for AY 2020-21 and held that eligible payments forming part of Corporate Social Responsibility (CSR) expenditure could not be denied deduction under Section 80G merely on the ground that such expenditure was incurred pursuant to the statutory obligation under Section 135 of the Companies Act, 2013. The assessee had claimed deduction of ₹2,57,66,663 under Section 80G of the Income-tax Act, 1961 in respect of payments forming part of CSR expenditure. The Assessing Officer disallowed...