https://www.taxtmi.com/caselaws?id=294929 The tribunal confirmed the classification of the assessee's rental income as business income and allowed the deduction for education cess. The tribunal admitted the additional ground on the deduction of education cess based on legal principles and merits, citing the NTPC case. It concluded that education cess is not considered 'tax' under section 40(a)(ii) and allowed the deduction. The tribunal directed the Assessing Officer to adjust the computation accordingly, partially granting the assessee's appeal. The decision was rendered on 22nd January 2021. en-us Fri, 22 Jan 2021 00:00:00 +0530 Mon, 10 May 2021 08:49:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=294929 The tribunal confirmed the classification of the assessee's rental income as business income and allowed the deduction for education cess. The tribunal admitted the additional ground on the deduction of education cess based on legal principles and merits, citing the NTPC case. It concluded that education cess is not considered 'tax' under section 40(a)(ii) and allowed the deduction. The tribunal directed the Assessing Officer to adjust the computation accordingly, partially granting the assessee's appeal. The decision was rendered on 22nd January 2021. Case-Laws Income Tax Fri, 22 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=294929