Section 263 can’t be invoked when Expenditure incurred on CSR is allowed by AO as Deduction u/s 80G of Income Tax Act: ITAT [Read Order]

By Sunayana Dhal - On September 22, 2023 10:33 am - 2 mins read
invoked - Expenditure - incurred - CSR - allowed - AO - Deduction - Income Tax Act - ITAT - taxscan

The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) held that Section 263 of the Income Tax Act, 1961 cannot be invoked when the expenditure incurred on corporate social responsibility (CSR) is allowed by the Assessing Officer as a deduction under Section 80G of the Income Tax Act. The assessee filed its return of…

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