Deduction under Section 80G cannot be denied on CSR expenditure merely due to disallowance under Section 37(1).
Deduction under Section 80G cannot be denied on CSR expenditure merely due to disallowance under Section 37(1). Issue Whether the Principal Commissioner of Income Tax (PCIT) can invoke revisionary jurisdiction under Section 263 to disallow a Section 80G deduction on CSR expenditure solely because the amount was disallowed as a business expense under Section 37(1),… Read More »