CSR Expenses Allowable as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]

By Sunayana Dhal - On July 11, 2023 2:00 pm - 2 mins read
CSR Expenses Allowable as Deduction - Income Tax Act - ITAT - TAXSCAN

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held Corporate Social Responsibility (CSR) expenses are allowable as a deduction under Section 80G of the Income Tax Act, 1961. The assessee is a private limited company and is engaged in the business of manufacturing, selling, and in any way dealing with and conducting research…

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