Education Cess allowable as not fall under section 40(a)(ii)

ExLServices.com (India) Pvt. Ltd. Vs ACIT (ITAT Delhi) Conclusion: Education cess was an allowable deduction while computing the income under the head profits and gains from business or profession as it did not fall within section 40(a)(ii). Held: Assessee-company was engaged in the business of rendering transaction processing services and internet and voice based customer care service for its worldwide clients. The issue arose for consideration was with respect to claim of deduction of Rs.70,98,828/- on account of payment of education cess. It was held that facts of the case in the year under...