“Education Cess” cannot be Allowed as Expenditure: SC [Read Judgement]

The Supreme Court recently held that the education cess cannot be allowed as expenditure.
Education Cess - Expenditure - SC - TAXSCAN

The Supreme Court recently held that the education cess cannot be allowed as expenditure. An education cess is an additional levy that is applied on the basic tax liability by the Government to generate additional revenue to fund primary, secondary and higher education. Apart from individuals, even corporations are required to pay this cess every year at rates determined during the…

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