https://www.taxtmi.com/caselaws?id=431981 Retrospective amendment to Section 40(a)(ii) of the Income-tax Act, 1961 with effect from 01.04.2005 clarifies that education cess is not deductible as business expenditure under Section 37 read with Section 40(a)(ii). The assessee accepted that, in light of the amendment made by the Finance Act, 2022, the claim for allowance of education cess could not survive. The stated legal effect is that education cess falls within the disallowance framework and is not allowable as an expenditure under the Act. 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 Retrospective amendment to Section 40(a)(ii) of the Income-tax Act, 1961 with effect from 01.04.2005 clarifies that education cess is not deductible as business expenditure under Section 37 read with Section 40(a)(ii). The assessee accepted that, in light of the amendment made by the Finance Act, 2022, the claim for allowance of education cess could not survive. The stated legal effect is that education cess falls within the disallowance framework and is not allowable as an expenditure under the Act. Case-Laws Income Tax Wed, 14 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=431981