https://www.taxtmi.com/caselaws?id=443330 The SC ruled that "Education Cess" cannot be allowed as an expenditure under the Income Tax Act, 1961. The respondent had initially not claimed "Education Cess" as an expenditure but did so during appellate proceedings. Acknowledging amendments to the Act, the court set aside the impugned judgment and allowed the appeal, affirming the disallowance of "Education Cess" as an expenditure. The assessing officer was instructed to review the respondent's statements and issue appropriate orders. This decision clarifies the treatment of "Education Cess" under the Act and serves as a precedent for future cases. en-us Fri, 15 Sep 2023 00:00:00 +0530 Mon, 01 Jun 2026 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=443330 The SC ruled that "Education Cess" cannot be allowed as an expenditure under the Income Tax Act, 1961. The respondent had initially not claimed "Education Cess" as an expenditure but did so during appellate proceedings. Acknowledging amendments to the Act, the court set aside the impugned judgment and allowed the appeal, affirming the disallowance of "Education Cess" as an expenditure. The assessing officer was instructed to review the respondent's statements and issue appropriate orders. This decision clarifies the treatment of "Education Cess" under the Act and serves as a precedent for future cases. Case-Laws Income Tax Fri, 15 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=443330