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![Supreme Court holds Education Cess not Allowable as Expenditure u/s 40(a)(ii) as amended retrospectively in Budget 2022 [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/12/Supreme-Court-Education-Cess-Expenditure-Budget-2022-taxscan.jpg "Supreme Court holds Education Cess not Allowable as Expenditure u/s 40(a)(ii) as amended retrospectively in Budget 2022 [Read Order]")
Supreme Court holds Education Cess not Allowable as Expenditure u/s 40(a)(ii) as amended retrospectively in Budget 2022 [Read Order]
The Supreme Court has held the education cess paid to be not allowable as expenditure under Section 40(a)(ii) of the Income Tax Act, 1961 amended...
![Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/09/Interest-Income-Tax-Deduction-ITAT-taxscan.jpeg "Interest on Income Tax not allowable as Deduction u/s 40(a)(ii): ITAT [Read Order]")
![Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Interest-paid-TDS-Business-Expenditure-ITAT-Income-Tax-Deduction-taxscan.jpeg "Interest paid on Delayed Payment of TDS is Not Business Expenditure: ITAT disallows Income Tax Deduction Claim [Read Order]")
![Cess forms part of Tax, cannot be allowed as Deduction u/s 40(a)(ii): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Cess-forms-tax-deduction-ITAT-Taxscan.jpeg "Cess forms part of Tax, cannot be allowed as Deduction u/s 40(a)(ii): ITAT [Read Order]")
![Payment of interest on late deposit of TDS not allowable as deduction u/s 37(1): ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2022/08/Payment-interest-late-deposit-TDS-deduction-ITAT-taxscan.jpeg "Payment of interest on late deposit of TDS not allowable as deduction u/s 37(1): ITAT [Read Order]")
Deduction u/s 37(1) cannot be Allowed in respect of Income Tax withheld Abroad: ITAT Ahmedabad [Read Order]
In DCIT v. Elitecore Technologies Private Limited, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) held that Deduction under section 37(1) of the Income Tax Act cannot be allowed in...
![Deduction u/s 37(1) cannot be Allowed in respect of Income Tax withheld Abroad: ITAT Ahmedabad [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Chandigarh-Taxscan.jpg "Deduction u/s 37(1) cannot be Allowed in respect of Income Tax withheld Abroad: ITAT Ahmedabad [Read Order]")