Antelopous Selen Energy Limited vs. Deputy Commissioner of Income Tax

Parties Involved

Facts Summary

The assessee, Antelopous Selan Energy Limited, is engaged in oil and gas production since 1995. For the Assessment Year 2020-21, the assessee declared a total income of Rs.53,30,30,480/-. During the assessment proceedings, it was observed that the assessee had incurred expenses amounting to Rs.70,50,000/- on account of Corporate Social Responsibility (CSR) and claimed a deduction of Rs.32,25,000/- under section 80G of the Income Tax Act, 1961. The Assessing Officer rejected this claim, and the order was confirmed by the Commissioner of Income Tax (Appeals). The assessee then approached the Income Tax Appellate Tribunal (ITAT) challenging this decision.…

Legal Issues

• 1. Whether the expenses incurred on CSR are eligible for deduction under section 80G of the Income Tax Act, 1961?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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