Payment of Education cess cannot be considered as an expenditure u/s 37 and 40(a)(ii) of Income Tax Act : ITAT [Read Order]

By Shabna Rahim - On May 31, 2023 9:00 pm - 2 mins read

Payment of Education cess - expenditure - Income Tax Act - ITAT - Education cess -Payment - taxscan

The New Delhi bench of Income Tax Appellate Tribunal (ITAT) held that the payment of educational cess should not be allowed as an expenditure under section 37 and 40(a)(ii) of Income Tax Act 1961. Shri Maral Overseas Ltd, the appellant assessee appealed against the separate orders passed by the Commssioner of Income Tax (Appeals) for…

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