Tax Officer to Review Deduction Claims on Education Cess; Aligns with Ruling on Business Income Calculations.

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Full Text of the Document

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....Deduction in respect of education cess - AO directed to consider the claim of assessee and allow appropriate relief in accordance with the decision above wherein it was held that Education Cess and Higher and Secondary Education Cess are liable for deduction in computing income chargeable under head of 'profits and gains of business or profession’. - AT....