Deduction u/s. 80G available on corpus contribution to donee relating to CSR activities

J K Investo Trade (India) Limited Vs DCIT (ITAT Mumbai) ITAT Mumbai held that deduction u/s 80G of the Income Tax Act duly available irrelevant of the fact that corpus contribution to the donee relates to the CSR activities. Facts- The assessee company is engaged in the business of manufacturing and wholesale and retail trade and had been deriving income from business and profession. The assessee’s case was selected for complete scrutiny and the assessment order was passed by AO u/s. 143(3) of the Act where the AO made disallowance u/s. 80G of the Act claimed as deduction under Chapter VIA...