https://www.taxtmi.com/caselaws?id=431981 The SC held that education cess paid by the respondent-assessee is not allowable as an expenditure under Section 37 read with Section 40(a)(ii) of the Income Tax Act, 1961, having regard to the Finance Act, 2022 amendment applied retrospectively from 01.04.2005. The appeal was allowed to record that the education cess would be disallowed; the assessee stated it had paid the applicable tax on the disallowance. The matter was disposed of without any order as to costs. en-us Wed, 14 Dec 2022 00:00:00 +0530 Tue, 23 Sep 2025 15:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=431981 The SC held that education cess paid by the respondent-assessee is not allowable as an expenditure under Section 37 read with Section 40(a)(ii) of the Income Tax Act, 1961, having regard to the Finance Act, 2022 amendment applied retrospectively from 01.04.2005. The appeal was allowed to record that the education cess would be disallowed; the assessee stated it had paid the applicable tax on the disallowance. The matter was disposed of without any order as to costs. Case-Laws Income Tax Wed, 14 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431981