CSR Expenditure Eligible for 80G Deduction: ITAT

The ITAT ruled that expenditure incurred on Corporate Social Responsibility (CSR) activities is eligible for deduction under Section 80G of the Income Tax Act. This decision clarifies the tax treatment of CSR spending. It supports the view that CSR contributions meeting the criteria of Section 80G can be claimed as deductions. This ruling provides clarity for companies on the tax benefits associated with their CSR initiatives. It encourages corporate participation in social welfare activities.