Education Cess not Allowable as Expenditure under Section 37: SC

JCIT Vs Chambal Fertilisers & Chemicals Limited (Supreme Court)

Learned senior advocate 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.

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