ITAT Kolkata dismisses Revenue’s Appeal on Education Cess as Infructuous

DCIT Vs AVR Storage Tank Terminals Pvt. Ltd. (ITAT Kolkata) Income Tax Appellate Tribunal (ITAT), Kolkata Bench, has dismissed an appeal filed by the Deputy Commissioner of Income Tax (DCIT) against AVR Storage Tank Terminals Pvt. Ltd. The revenue’s appeal, pertaining to Assessment Year 2020-21, primarily challenged the Commissioner of Income Tax (Appeals) [CIT(A)] for allowing a deduction for education cess and higher education cess. The revenue had argued this was contrary to the Supreme Court’s decision in PCIT vs. Chambal Fertilizers & Chemicals Ltd. (SLP(C) No.7379 of 2019...