| |
| The Tax Publishers2021 TaxPub(DT) 3245 (Mum-Trib) INCOME TAX ACT, 1961
Section 37(1) Section 40(a)(ii)
Education cess and higher and secondary education cess was allowable as deductible amount under section 37(1).
|
Business expenditure - Allowability - Education cess and higher and secondary education cess -
Assessee claimed deduction of education cess and higher and secondary education cess. AO disallowed deduction in view of section 40(a)(ii). Held: Education cess and higher and secondary education cess was allowable as deductible amount under section 37(1).
Followed:Sesa Goa Ltd. v. JCIT, (2020) 423 ITR 426 (Bom.) : 2020 TaxPub(DT) 1546 (Bom-HC) and Chambal Fertilizers & Chemicals Ltd. v. Jt. CIT, ITA no.52 of 2018.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2014-15
IN THE ITAT, MUMBAI BENCH
 SUBSCRIBE FOR FULL CONTENT
|