Retrospective amendment brought in by Finance Act, 2022, deduction of education cess was not allowable. (AY. 2010-11)
Dy. CIT v. National Bank for Agriculture & Rural Development [2023] 221 TTJ 25/221 DTR 369 (Mum) (Trib)
S. 40(a)(ii): Amounts not deductible-Rates or tax-Education cess-Not allowable.