Education Cess is Not Allowable as Expenditure u/s 37 of Income Tax Act: ITAT [Read Order]

Education Cess - Expenditure - Income Tax Act - Taxscan

The Mumbai Bench of Income Tax Appellate Tribunal (ITAT) has held that the education cess would not be allowable as expenditure under Section 37 of the Income Tax Act, 1961. The assessee, Aarti Drugs Ltd is a company engaged in the business of manufacturing chemicals and bulk drugs. For the year under consideration, the assessee filed…

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