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Documents citing Gujarat State Financial Services ... vs The Dy.Cit.,Circle-2(1)(1),, ... on 3 October, 2018

Dcit, Circle-1(1)(1), Ahmedabad, ... vs Amneal Pharmaceuticals Private ... on 12 March, 2026

10. Similar view has been taken by the Ahmedabad Tribunal in Gujarat State Financial Services Ltd. vs. Deputy Commissioner of Income-tax [2025] 174 taxmann.com 461 (Ahmedabad - Trib.), wherein the Tribunal held that the restriction in section 80G of the Act relating to CSR donations is specifically confined to donations made to Swachh Bharat Kosh and Clean Ganga Fund as provided under section 80G(2)(a)(iiihk) and (iiihl). The Tribunal held that where the assessee made CSR contribution to another eligible fund which satisfied the conditions of section 80G of the Act, the deduction cannot be denied merely because the payment formed part of CSR expenditure.
Income Tax Appellate Tribunal - Ahmedabad Cites 10 - Cited by 0 - Full Document

Assistant Commissioner Of Income Tax, ... vs M/S. Brahmaputra Valley Fertilizer ... on 6 October, 2023

7. After hearing the rival contentions and perusing the material available on record, we find that the higher rate of interest paid by the assessee is not for any infringement of law or due to commission of any offence . The Ld. CIT(A) has recorded a very clear cut finding to this effect besides, the Ld. CIT(A) has rightly relied on the decision of Hon'ble Gujarat High Court in the case of Gujarat State Financial Corporation Ltd. Vs. CIT (2013) 35 taxmann.com 64 (Guj.) wherein it has been held that penal interest charged for late repayment of loan did not constitute penalty as contemplated in explanation to section 37(1) of the Act. Accordingly, we do not find any infirmity in the order of Ld. CIT(A) and we are inclined to uphold the same by dismissing ground nos. 1 and 2 of the revenue.
Income Tax Appellate Tribunal - Gauhati Cites 5 - Cited by 0 - Full Document
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