Interpretation of provision of s. 40(a)(ii) of IT Act, 1961—Clarification regarding

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..... where the ITO has disallowed the cess' paid by the assessee on the ground that there has been no material change in the provisions of s. 10(4) of the old Act and s. 40(a)(ii) of the new Act . 2. The view of the ITO is not correct. Clause 40(a)(ii) of the IT Bill, 1961 as introduced in the Parliament stood as under: (ii) any sum paid on account of any cess, rate or tax levied on t .....

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