https://www.taxtmi.com/caselaws?id=301791 Departmental appeals below the CBDT monetary limit of Rs. 50 lakhs were not entertained in the absence of any applicable exception, so the Revenue's appeal was dismissed for low tax effect. On the substantive issue, education cess was treated as allowable as a deduction in computing income, supported by the cited High Court ruling and the CBDT circular of 18.05.1967, and the claim was accepted in favour of the assessee. The result was dismissal of the Revenue's appeal and partial allowance of the cross-objection on education cess. en-us Wed, 18 Sep 2019 00:00:00 +0530 Wed, 20 Apr 2022 20:11:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=301791 Departmental appeals below the CBDT monetary limit of Rs. 50 lakhs were not entertained in the absence of any applicable exception, so the Revenue's appeal was dismissed for low tax effect. On the substantive issue, education cess was treated as allowable as a deduction in computing income, supported by the cited High Court ruling and the CBDT circular of 18.05.1967, and the claim was accepted in favour of the assessee. The result was dismissal of the Revenue's appeal and partial allowance of the cross-objection on education cess. Case-Laws Income Tax Wed, 18 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=301791