ITAT allows Deduction u/S 80G of Income Tax Act on CSR expenses [Read Order]

ITAT allowed deduction under Section 80G of Income Tax Act 1961 on Corporate Social Responsibility (CSR) expenses

By Aiswarya Krishnadas - On January 23, 2024 9:58 am - 2 mins read

ITAT - ITAT Mumbai - Income tax act - ITAT allows deduction - Deduction - CSR expenses - Corporate Social Responsibility expenses - TAXSCAN

The Income Tax Appellate Tribunal ( ITAT ) allowed deduction under Section 80G of the Income Tax Act 1961 on Corporate Social Responsibility ( CSR ) expenses The assessee, operating in real estate construction and development, filed its income tax return for the relevant year on 14/01/2021, declaring a total income of Rs. 71,49,06,790. The…

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