Allowing the appeal of the Revenue the Court held that education cess cannot be allowed as deduction in computing income chargeable under head ‘profits and gains of business or profession. (AY. 2008-09)
JCIT v. Sesa Goa Ltd. (2023) 295 Taxman 236/ 335 CTR 991/(2024) 460 ITR 4 (SC) Editorial: Sesa Goa Ltd v.JCIT (2020) 423 ITR 426/ 117 taxmann.com 96 (Bom)(HC), reversed.
S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education cess-Not allowable as deduction. [S. 37(1), Art.136]