CSR Payments Eligible for Section 80G Deduction: ITAT Bangalore

Allegis services (India) Pvt. Ltd. Vs ACIT (ITAT Bangalore) In a ruling addressing the interplay between mandatory Corporate Social Responsibility (CSR) expenditure under the Companies Act, 2013, and deductions available under the Income-tax Act, 1961, the Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has held that a donation forming part of CSR spending may still be eligible for deduction under Section 80G of the Income-tax Act. The Tribunal’s decision came in the case of Allegis services (India) Pvt. Ltd. Vs ACIT, overturning the findings of the lower tax authorities. The appe...