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Income Tax Appellate Tribunal, NAGPUR BENCH : NAGPUR
Before: SHRI SATBEER SINGH GODARA & DR. DIPAK RIPOTE
2018, arises against the CIT(A)-3, Nagpur’s Order No. CIT(A)- 3/10184/2019-20, dated 27.07.2021, involving proceedings u/s.143(3) of the Income Tax Act, 1961 (in short “the Act”).
Heard both the parties. Case file perused.
It emerges during the course of hearing that the assessee’s sole substantive grievance canvassed in the instant appeal challenges correctness of the learned lower authorities action disallowing it’s business deduction claim of 2 I.T.A.No.72/NAG./2021 Rs.1,55,47,330/- representing secondary and higher education cess; as the case may be, u/sec.40(ii) of the Act.
Learned counsel vehemently argued that the impugned deduction claim has been wrongly rejected in both the lower proceedings after invoking Explanation-3 to sec.40(ii) of the Act inserted vide Finance Act, 2022 with retrospective effect from 01.04.2005. We find the instant sole issue to be no more res integra once hon’ble apex court in JCIT vs., Chambal Fertilizers and Chemicals Ltd., [2023] 450 ITR 164 (SC) has already settled the law in department’s favour to this effect.
Rejected accordingly.
This assessee’s appeal is dismissed.
Order pronounced in the open Court on 28.09.2023.
Sd/- Sd/- [DR. DIPAK P. RIPOTE] [SATBEER SINGH GODARA] ACCOUNTANT MEMBER JUDICIAL MEMBER Pune, Dated 28th September, 2023 VBP/- Copy to 1. The applicant 2. The respondent 3. The CIT(A)-3, 119, Aayakar Bhavan, Telangkhedi Road, Civil Lines, Nagpur. 4. The CIT (Central), Nagpur. 5. D.R. ITAT, Nagpur Bench, Nagpur. 6. Guard File.