The Tribunal held that education cess and higher secondary education cess form part of “tax” within the meaning of section 40(a)(ii). Consequently, they are not allowable as a deduction while computing business income. (AY. 2008-09 to 2014-15).
Royal Sundaram General Insurance Co. Ltd. v. Dy. CIT (2025) 123 ITR 507 / 175 taxmann.com 427 (Chennai)(Trib.)
S. 40(a)(ii) : Amounts not deductible-Rates or tax-Business expenditure-Education cess and higher education cess-Part of tax-Deduction not allowable.
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