The ITAT allowed the assessee's claims in multiple tax-related ...

ITAT Grants Tax Deductions for CSR Expenses, Directs Reassessment of Tax Demands Under Sections 80G, 41(1), and 115P

April 10, 2025

Case Laws Income Tax AT

The ITAT allowed the assessee's claims in multiple tax-related matters. Regarding Section 80G, the Tribunal upheld the deduction for Corporate Social Responsibility (CSR) expenditure, rejecting the Assessing Officer's (AO) disallowance. For Section 41(1), the Tribunal directed the AO to verify additional evidence and pass an appropriate order after hearing the assessee. Concerning taxes adjusted against interest under Section 115P, the Tribunal instructed the AO to review and rectify the tax demand after providing the assessee an opportunity to be heard. The decisions were predominantly in favor of the assessee, with matters remanded for further administrative review.

View Source

← Previous Next →

The ITAT allowed the assessee's claims in multiple tax-related ...

ITAT Grants Tax Deductions for CSR Expenses, Directs Reassessment of Tax Demands Under Sections 80G, 41(1), and 115P

April 10, 2025

Case Laws Income Tax AT

You may also like:

The ITAT allowed the deduction claimed u/s 80G for Corporate Social Responsibility (CSR) expenditure. The solitary reason for denying the deduction by the lower...

The ITAT addressed various issues including disallowance u/s 14A r.w.r.8D, where Revenue challenged deletion of disallowance made by AO. ITAT upheld CIT(A)'s decision,...

Revision u/s 263 - CSR expenses - admissibility as the deduction u/s 37(1) - The High Court concurred with the findings of the ITAT that the assessing officer had...

The ITAT addressed various issues: disallowance u/s 40(a)(ia) for year-end provisions, deduction u/s 10AA for interest income, TDS u/s 195 for subscription fees, foreign...

Disallowance u/s 14A read with Rule 8D - Assessing Officer did not record objective satisfaction for not accepting suo moto disallowance made by assessee. ITAT directed...

Stay of demand - payment of 20% of the outstanding demand - ITAT rejecting its application for stay on the recovery of demand during the pendency of appeal - The Delhi...

Stay of the order passed u/s 263 though there is no active demand of tax - Power of ITAT power to grant stay - Future demand - CIT issued directions to the AO - Whether...

ITAT adjudicated a tax dispute regarding interest expense disallowance under Section 57(iii). The tribunal examined the assessee's loan transactions, noting borrowed...

ITAT allowed assessee's claim for deduction of marketing expenses paid to NHPL, treating them as revenue expenditure. The expenses related to sales personnel salaries,...

ITAT affirmed weighted deduction eligibility u/s 35(2AB) for in-house scientific research expenditure. While R&D expenses incurred within India qualify for weighted...

Deduction claimed u/s 80G for donations qualifying as CSR expenditure was expressly disallowed u/s 37(1). The court held that even though there is no explanation for...

The ITAT ruled favorably on multiple issues for the appellant. ESOP expenses were deemed allowable under section 37(1), consistent with treatment in prior years....

The ITAT Delhi ruled on denial of deduction u/s 80G for donations made as part of CSR expenditure. The appellant suo-motu disallowed the donations u/s 37(1). The...

The assessee, engaged in the business of shares and securities, claimed administration expenses, including Portfolio Management Service (PMS) expenses, against capital...

Section 143(1) intimation not challenged before CIT(A), appeal maintainable only against section 143(3) assessment order. CSR expenses allowed as deduction u/s 80G, not...

Quick Updates: