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Whether deductibility of “Cess” on Income-tax restricted under provisions of Sec. 40(a)(ii)?

June 26, 2020[2020] 117 330 (Article)
In 2018, Hon’ble Rajasthan High Court delivered a ruling in the case of Chambal Fertilizers and Chemicals Ltd. [D.B. ITA No.52 of 2018] wherein the Hon’ble High Court allowed taxpayer’s ground on deductibility of education cess on basic tax and surcharge by holding that the same is not covered within scope of disallowance under section 40(a)(ii) of the Income-tax Act, 1961 (hereinafter referred to as “the Act”).
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