Deductibility of urban land tax for business premises upheld as allowable under business expenditure provisions, affecting assessment and appeals. Urban land tax paid in respect of premises used for business or profession is allowable as a deduction as expenditure incidental to carrying on business under Section 37 and Section 57(iii) of the Income tax Act, 1961; departmental officers should apply this position for guidance and regulate appeals and references accordingly.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Deductibility of urban land tax for business premises upheld as allowable under business expenditure provisions, affecting assessment and appeals.
Urban land tax paid in respect of premises used for business or profession is allowable as a deduction as expenditure incidental to carrying on business under Section 37 and Section 57(iii) of the Income tax Act, 1961; departmental officers should apply this position for guidance and regulate appeals and references accordingly.
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