Rajasthan HC reverses
ITAT’s order, holds that education cess cannot be disallowed under the
provisions of Sec. 40(a)(ii); Relies on CBDT Circular No. F. NO.
91/58/66-ITJ(19) dated May 18th , 1967 which clarifies that since the word
‘cess’ had been omitted from Sec. 40(a)(ii), only taxes paid are to be
disallowed for AY 1962-63 and onwards; Relies on SC ruling in the case of
Jaipuria Samla Amalgamated Collieries Ltd. wherein while ruling on disallowance
under Sec 10(4) erstwhile Income-tax Act, 1922, SC had held that 'road cess'
and 'public work cess' could not be treated as tax:HC
Subscribe to:
Post Comments (Atom)
Recent Landmark GST Judgments: A Comprehensive Overview
The Goods and Services Tax (GST) regime continues to evolve through judicial interpretations. From the Supreme Court to various High Court...
-
A new website launched for TDS related matters www.tdscpc.gov.in TRACES – T DS R econciliation A nalysis and C orrection E nabling S yste...
-
In a significant development, the Supreme Court has dismissed the Revenue’s Special Leave Petition (SLP) challenging a Bombay High Court (...
-
Sr No Due Date Related to Compliance to be made 1. 11.06.2026 GST ...
-
The introduction of the Goods and Services Tax Appellate Tribunal (GSTAT) has brought significant changes to the pre-deposit framework for...
-
Selling a property can trigger a significant tax liability in the form of capital gains tax. However, the Income-tax Act, 1961, allows you...
-
With the government making Aadhaar Card ( unique identification card ) mandatory in procuring LPG connections, issuing passports, sale or...
-
Introduction Employee welfare is a cornerstone of corporate responsibility, and gratuity forms a critical part of the social security benefi...
-
This is to update you on procedure prescribed by the Office of the Development Commissioner, Karnataka Sub Zone (the “Office”) to be foll...
-
MARRIAGE EXPENSES - POWERS OF I.T. AUTHORITIES In the recent past the Income Tax Department has been concentrating on collecting informat...
-
The provision of a corporate guarantee, where one company pledges to cover the financial obligations of another (often a subsidiary or affil...
No comments:
Post a Comment