Fluor Daniel India Private Limited vs. DCIT, Circle 7 (1)
Parties Involved
Facts Summary
During the assessment proceedings for the Assessment Year 2020-21, the Assessing Officer (AO) observed that the assessee, Fluor Daniel India Private Limited, had debited an amount of Rs.2,23,07,059/- on account of donation and corporate social responsibility (CSR). The AO disallowed the deduction of Rs.2,12,04,514/- claimed under section 80G of the Income Tax Act, 1961, stating that CSR expenditures are mandatory under section 135 of the Companies Act, 2013, and thus not eligible for deduction under section 80G. The assessee filed objections before the Dispute Resolution Panel (DRP), which were rejected. Aggrieved by this, the assessee filed an appeal before the Income Tax Appellate Tribunal (ITAT).…
Decision in favour of
Assessee
Legal Issues
- 1. Disallowance of deduction under section 80G for CSR expenditure.
- 2. Incorrect computation of interest and fee payable in the assessment order.
Judgment Outcome
Decided in favour of Assessee.
Precedents Relied Upon
4 precedents cited in this judgement.
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