Held that education cess cannot be equated as tax or surcharge and it cannot be considered as a part of tax, and accordingly, it should not be disallowed under section 40(a)(ii) of the Act. Allowable as business expenditure. (AY. 2011-12)
Security Printing & Minting Corporation of India Ltd. v. ACIT (2022) 194 ITD 641 (Delhi)(Trib.)
S. 40(a)(ii) : Amounts not deductible-Rates or tax-Education cess cannot be equated as tax or surcharge-Allowable as business.