https://www.taxtmi.com/caselaws?id=397617 The ITAT, Delhi partly allowed the appeal, directing the deletion of the disallowed expenditure on cess on income tax. The disallowance was overturned based on the appellant's argument supported by a Bombay High Court decision, allowing such cess as a deduction in computing income under 'profits and gains of business or profession'. The challenge to the reassessment proceedings was dismissed as the main issue was decided in favor of the appellant, rendering the challenge academic. en-us Mon, 27 Jul 2020 00:00:00 +0530 Mon, 24 Aug 2020 12:09:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397617 The ITAT, Delhi partly allowed the appeal, directing the deletion of the disallowed expenditure on cess on income tax. The disallowance was overturned based on the appellant's argument supported by a Bombay High Court decision, allowing such cess as a deduction in computing income under 'profits and gains of business or profession'. The challenge to the reassessment proceedings was dismissed as the main issue was decided in favor of the appellant, rendering the challenge academic. Case-Laws Income Tax Mon, 27 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397617