Case Law Details
Case Name : Sri Ranganathar-Industries Pvt. Ltd. Vs DCIT (ITAT Chennai)
Related Assessment Year : 11/01/2023
Courts :
All ITAT ITAT Chennai
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Sri Ranganathar-Industries Pvt. Ltd. Vs DCIT (ITAT Chennai)
ITAT Chennai held that donations paid by conversion of loans into donations comes under the nature of donations paid in cash and hence entitled for deduction under section 80G of the Income Tax Act.
Facts- The assessee company has claimed deduction u/s.80G of the Act, in respect of donations paid to M/s.Sri Ranganathar Trust, which is also registered u/s.12AA of the Act, and also enjoying the benefit of registrati
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