ITAT Mumbai allowed Section 80G deduction for CSR spending

ACIT Vs Sikka Ports and Terminals Ltd. (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai has ruled in favor of Sikka Ports and Terminals Ltd., affirming the company’s eligibility to claim a deduction under Section 80G of the Income Tax Act, 1961, for donations made as part of its Corporate Social Responsibility (CSR) spending. The Tribunal’s decision, covering Assessment Years 2020-21 and 2018-19, rejects the Revenue’s argument that mandatory CSR spending cannot be considered “voluntary donations” for tax deduction purposes. The appeals filed by the Revenu...