Deduction in respect of education cess and higher and secondary education cess

Last updated: 31 August 2021

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Quick Summary

The Delhi Bench of the Income Tax Appellate Tribunal has ruled in favour of PNB Housing Finance Ltd. regarding the deduction of education cess and higher and secondary education cess. The Revenue's appeal against the CIT(A)'s order was dismissed, and the assessee's cross-objections were allowed for statistical purposes. This decision follows similar rulings by the Tribunal for earlier assessment years.

Court :
ITAT Delhi

Brief :
Aggrieved by the order dated 27.06.2017 passed by the Commissioner of Income Tax (Appeals)-38, New Delhi ("Ld. CIT(A)") for the assessment year 2014-15 in the case of PNB Housing Finance Ltd., (“the assessee”), the Revenue preferred this appeal. The assessee has also preferred cross objections in this appeal.

Citation :
ITA No. 5969/Del/2017

Daily Limit Reached