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Income Tax - Highlights / Catch Notes

Home Highlights April 2024 Year 2024 This

Allowable expenditure of "Education Cess” - The Supreme Court ...


Supreme Court Rules Education Cess Not Deductible Under Income Tax Law, Overturning Previous Judgment.

April 20, 2024

Case Laws     Income Tax     SC

Allowable expenditure of "Education Cess” - The Supreme Court set aside the impugned judgment and allowed the appeal of the Revenue, affirming that "Education Cess" cannot be treated as an expenditure.

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