https://www.taxtmi.com/caselaws?id=6956 Road and education cesses under the Cess Act, 1880 and the Bengal (Rural) Primary Education Act, 1930 were treated as levies based on objectively ascertained representative profits, not as rough estimates divorced from business income. The statutory machinery used returns, notices, valuation and, where required, assessment by the Collector to link the cess to annual net profits. On that basis, a cess calculated on profits or on a proportion of profits falls within section 10(4) of the Indian Income-tax Act, 1922 and is excluded from deduction under section 10(2)(xv). en-us Thu, 15 Jun 1967 00:00:00 +0530 Sat, 07 Feb 2009 11:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6956 Road and education cesses under the Cess Act, 1880 and the Bengal (Rural) Primary Education Act, 1930 were treated as levies based on objectively ascertained representative profits, not as rough estimates divorced from business income. The statutory machinery used returns, notices, valuation and, where required, assessment by the Collector to link the cess to annual net profits. On that basis, a cess calculated on profits or on a proportion of profits falls within section 10(4) of the Indian Income-tax Act, 1922 and is excluded from deduction under section 10(2)(xv). Case-Laws Income Tax Thu, 15 Jun 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6956