Deduction on CSR Donations u/s 80G: ITAT Quashes Revision as AO Verifies Donations to Eligible...

The Income Tax Appellate Tribunal (ITAT) has quashed a revision order concerning CSR (Corporate Social Responsibility) donations, as the Assessing Officer (AO) had already verified donations to eligible institutions. This ruling limits the revisional powers of higher tax authorities. The ITAT emphasized that if the AO has already conducted a proper inquiry and satisfied himself about the genuineness and eligibility of CSR donations, the higher authority cannot arbitrarily revise the assessment without demonstrating a clear error or prejudice to the revenue. This decision provides certainty for companies making legitimate CSR contributions.