https://www.taxtmi.com/caselaws?id=118624 Municipal tax paid by a co-owner-assessee under an occupancy arrangement with the other co-owners was treated as part of the consideration for business use of the premises and could qualify as rent under section 30. The payment was not invalid merely because the property was jointly owned, since one co-owner was permitted to occupy and use the premises under agreement. Independently, the same outgo was also allowable as business expenditure under section 37 because it was incurred for the purposes of the business. The disallowance was therefore not sustainable. en-us Fri, 18 Nov 2005 00:00:00 +0530 Wed, 04 Jul 2012 15:38:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=118624 Municipal tax paid by a co-owner-assessee under an occupancy arrangement with the other co-owners was treated as part of the consideration for business use of the premises and could qualify as rent under section 30. The payment was not invalid merely because the property was jointly owned, since one co-owner was permitted to occupy and use the premises under agreement. Independently, the same outgo was also allowable as business expenditure under section 37 because it was incurred for the purposes of the business. The disallowance was therefore not sustainable. Case-Laws Income Tax Fri, 18 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=118624