TMI Blog2022 (12) TMI 1098X X X X Extracts X X X X X X X X Extracts X X X X ..... with retrospective effect from 01.04.2005 to Section 40(a) (ii) of the Income Tax Act, 1961, the present appeal has to be allowed. HELD THAT:- In view of the statement made, we direct that the Education cess paid by the respondent-assessee would not be allowed as an expenditure under Section 37 read with 40 (a) (ii) of the Income Tax Act, 1961. Assessee states that they have also paid the ap ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... appearing on behalf of the respondent-assessee states that in view of the amendment vide the Finance Act, 2022 with retrospective effect from 01.04.2005 to Section 40(a) (ii) of the Income Tax Act, 1961, the present appeal has to be allowed. In view of the statement made, we direct that the Education cess paid by the respondent-assessee would not be allowed as an expenditure under Section 37 re ..... X X X X Extracts X X X X X X X X Extracts X X X X
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