Education cess is not disallowable under section 40(a)(ii)

DCIT Vs GE BE Pvt. Ltd. (ITAT Bangalore) Conclusion: Education cess is not tax and thus not disallowable under section 40(a)(ii). Held: Assessee-company was engaged in the business of contract manufacturing of components and parts of medical diagnostic imaging equipment and also engaged in provision of engineering design services to its affiliate worldwide. Assessee had raised an additional ground that AO erred in not allowing deduction under section 37(1) on account of Education Cesses paid by assessee while arriving at the assessed income for the year under appeal. It was held that education...