Donation for Scientific Research Auditorium Deductible Even if Capital in Nature: ITAT Hyderabad

DCIT Vs Avra Laboratories Pvt. Ltd. (ITAT Hyderabad) Assessee was engaged in the business of Pharmaceuticals. Assesssee filed return for AY 2018-19 at Rs.86,32,45,870/-. Subsequently, the return was revised by assessee at Rs.85,19,62,570/-. The case was selected for scrutiny for verification of three issues i.e., (i). Deduction on account of donation of Scientific Research (ii) ICDS compliance and adjustment and (iii) Exports/Imports. During the course of assessment proceedings, AO noted that the assessee has claimed deduction u/s 35(2AA) for amounting to Rs.7,50,00,000/- (being 150% of Rs.5,0...