Donations to Registered Trusts Allowable as CSR Expenses u/s 80G of Income Tax Act: ITAT [Read Order]

Donations - Registered Trusts - Trusts - CSR - Expenses - CSR Expenses - Income Tax Act - ITAT - Income Tax - taxscan

The Income Tax Appellate Tribunal (ITAT), Mumbai bench has allowed the donations made to registered Trusts by company as CSR exepnses allowable under section 80G of the Income Tax Act, 1961. The assessee, Acme Chem Limited, incurred CSR expenses of Rs. 35 lakh and the same was disallowed while computing the total income. The assessee…

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