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Education Cess Deduction Allowed as Business Expense Due to Omission in Section 40(a)(ii) of Income Tax Act.

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....Deduction of education cess - allowable business expenditure - the effect of the omission of the words "cess" from section 40(a)(ii) of the Act is that, only taxes paid are to be disallowed in the assessment for the assessment years 1962-63 onwards. - Deduction cannot be denied - AT....

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Education Cess Deduction Allowed as Business Expense Due to Omission in Section 40(a)(ii) of Income Tax Act.