Deciding two connected writ petitions arising from a common Industrial Tribunal Award, the Delhi High Court set aside the Tribunal's direction granting hotel workmen a further…
Labour Laws
06/09/20264 min read
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ITAT Mumbai Quashes PCIT's Order Against NTT Global Networks; Allows ₹92.32 Lakh Deduction for CSR Donations Under Section 80G
Corporate ComplianceIncome Tax
The ITAT, Mumbai, has quashed a Principal Commissioner of Income Tax (PCIT) order against NTT Global Networks, allowing a ₹10 lakh deduction for CSR donations under Section 37(1). The tribunal found that the donation, which was made for a public cause, was not a capital expenditure and was necessary for the business. The ruling provides a crucial precedent for companies, clarifying that a CSR donation can be claimed as a business expenditure.
