CSR Solar Power Not Charitable Without Public Benefit: ITAT Bangalore

Infosys Green Forum Vs ITO (Exemptions) (ITAT Bangalore) ITAT Bangalore: CSR Solar Power Company Not Entitled to Section 12AB & 80G Registration—Dominant Benefit Accrued to Parent Company The Bangalore Bench of the ITAT dismissed the appeals filed by Infosys Green Forum, a Section 8 company, and upheld the orders of the CIT(E) denying registration under section 12AB and recognition under section 80G(5). The assessee was incorporated pursuant to amendments in the CSR Rules, which mandated that capital assets created out of CSR funds be held by a Section 8 company. Accordingly, Infosys Ltd...