Education Cess cannot be allowed as Allowable Expense u/s 37 (1) of Income Tax Act: ITAT [Read Order]

The education Cess can’t be allowed as an allowable expense, under Section 37 (1) of Income Tax Act, 1961
By Aiswarya Krishnadas - On April 5, 2024 1:45 pm - 2 mins read
ITAT - ITAT Delhi - Education Cess - Income tax - taxscan

In a recent ruling, the Delhi bench of the Income Tax Appellate Tribunal ( ITAT ) observed that the education cess cannot be allowed as allowable expense under Section 37 (1) of Income Tax Act, 1961. The facts in brief that the assessee raised claim the education Cess as eligible business expenditure under Section 40(a)(ii)…

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