CSR may qualify for Deduction under Section 80G of Income Tax Act: ITAT grants relief to Goldman Sachs

In a Relief to Goldman Sachs, the Income Tax Appellate Tribunal (ITAT), Bangalore Bench held that Corporate Social Responsibility (CSR) is also eligible for deduction under Section 80G of Income Tax Act subject to assessee satisfying the requisite conditions prescribed for deduction under Section 80G of the Act. The assessee, M/s. Goldman Sachs Services Pvt. […]

from Taxscan | Simplifying Tax Laws https://ift.tt/3ij2lTa