Held, that education cess was not a disallowable expenditure under section 40(a)(ii) of the Income-tax Act, 1961.Transfer pricing adjustment, matter remanded to the Assessing Officer. (AY. 2016-17)
Emerson Climate Technologies (India) P. Ltd. v. Add. CIT (2021) 89 ITR 69 (SN) (Pune)(Trib.)
S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education Cess-Allowable as deduction-Transfer pricing adjustment-Matter remanded. [S. 37(1), 92C]