Education Cess Not Deductible as Expenditure: SC Rules

JCIT Vs Sesa Goa Ltd. (Supreme Court of India)

 In a significant ruling, the Supreme Court of India has determined that the ‘Education Cess’ cannot be claimed as a deductible expenditure under the Income Tax Act, 1961. This verdict came as a result of the case between the Joint Commissioner of Income Tax (JCIT) and Sesa Goa Ltd., where the court set aside the previous judgment and allowed the appeal in favor of the revenue authorities.

The court also directed the assessing officer to verify the quantum of ‘Education Cess&#

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