Educational Cess News Today

Companies may get a relief on transition of cess/tax credit following a Bombay High Court ruling : Rashtra News In what could give relief to several companies the Bombay High Court recently quashed tax notice that disallowed transitional tax credit for educational cess. The court was ruling in the matter of Godrej & Boyce case

The Supreme Court has upheld the decision of the Jammu and Kashmir and Ladakh (J&K&L) High Court where the court had held that the assessee was not liable to return the Education Cess and Secondary &...