Following the applicable legal position, the Tribunal held that education cess on income-tax is not an allowable deduction while computing business income. (AY. 2013-14).
Yokogawa India Ltd. v. Dy. CIT (2025) 122 ITR 499 (Bang.)(Trib.)
S. 40(a)(ii) : Amounts not deductible-Rates or tax-Business expenditure-Education cess-Not allowable as deduction.[S. 37(1)]
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