https://www.taxtmi.com/caselaws?id=789119 The note examines disallowance linked to exempt income investments and states that the adjustment was sustained where the computation was confined to investments yielding exempt income, so no interference was called for. It also discusses the deductibility of education cess, including secondary and higher education cess, and notes that Explanation 3 to the disallowance provision, inserted by the Finance Act 2022, treats tax as including surcharge and cess; on that basis, the deduction claimed could not be sustained. en-us Mon, 30 Mar 2026 00:00:00 +0530 Fri, 03 Apr 2026 08:49:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789119 The note examines disallowance linked to exempt income investments and states that the adjustment was sustained where the computation was confined to investments yielding exempt income, so no interference was called for. It also discusses the deductibility of education cess, including secondary and higher education cess, and notes that Explanation 3 to the disallowance provision, inserted by the Finance Act 2022, treats tax as including surcharge and cess; on that basis, the deduction claimed could not be sustained. Case-Laws Income Tax Mon, 30 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789119