{"id":34109,"date":"2023-04-22T17:34:15","date_gmt":"2023-04-22T12:04:15","guid":{"rendered":"https:\/\/itatonline.org\/digest\/jcit-v-chambal-fertilisers-chemicals-ltd-2022-220-dtr-481-sc-2023-450-itr-164-291-taxman-438-330-ctr-110-sc\/"},"modified":"2023-04-22T17:34:15","modified_gmt":"2023-04-22T12:04:15","slug":"jcit-v-chambal-fertilisers-chemicals-ltd-2022-220-dtr-481-sc-2023-450-itr-164-291-taxman-438-330-ctr-110-sc","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/jcit-v-chambal-fertilisers-chemicals-ltd-2022-220-dtr-481-sc-2023-450-itr-164-291-taxman-438-330-ctr-110-sc\/","title":{"rendered":"JCIT v. Chambal Fertilisers &#038; Chemicals Ltd. (2022) 220 DTR 481 (SC) \/ (2023) 450 ITR 164 \/291 Taxman 438\/ 330 CTR 110 (SC)"},"content":{"rendered":"<p>The Rajasthan High Court reversed the order of the Income Tax Appellate Tribunal and held that in view of the circular of CBDT, \u2018cess\u2019 was not \u2018tax\u2019 and hence, could not be disallowed under section 40(a)(ii) (pre-amended). The Revenue challenged the High Court\u2019s order before the Supreme Court. On concession, the Supreme Court held that in view of the amendment <em>vide<\/em> the Finance Act, 2022 with retrospective effect from 1-4-2005 to section 40(a)(ii), Education cess paid assessee was not allowable as an expenditure Accordingly, the Supreme Court allowed the Revenue\u2019s appeal.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40(a)(ii) : Amounts not deductible &#8211; Rates or tax \u2013 Education cess- In view of retrospective amendment vide Finance Act, 2022 to section 40(a)(ii), education cess paid not allowable as an expenditure [ S. 37(1) ] <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-34109","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-8S9","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=34109"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34109\/revisions"}],"predecessor-version":[{"id":34110,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/34109\/revisions\/34110"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=34109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=34109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=34109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}