Supreme Court Rules Education Cess Non-Deductible Under IT Act; AO to Assess Corporate Compliance.

The SC allowed the appeal, ruling that "Education Cess" is not deductible as an expenditure under the IT Act, 1961. The AO is tasked with determining the amount claimed as "Education Cess" by the respondent, anonymized as a corporate entity, ensuring compliance with the Act's provisions.

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The Supreme Court allowed the appeal, stating that "Education Cess" cannot be considered as an expenditure under the Income Tax Act, 1961. The assessing officer will determine the amount claimed as "Education Cess" by the respondent, SESA Goa Ltd.

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