https://www.taxtmi.com/caselaws?id=250287 Municipal taxes relating to a leasehold property developed by the assessee were treated as deductible against income from other sources where the lease and related commercial arrangement contractually placed the tax burden on the assessee. The tax remained a statutory impost, but the contractual assumption of liability made the payment allowable in principle. However, the deduction was limited to the amount actually paid and proved on verification, so allowance depended on evidence of payment for the relevant year. en-us Wed, 30 Jul 2014 00:00:00 +0530 Fri, 08 Aug 2014 06:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250287 Municipal taxes relating to a leasehold property developed by the assessee were treated as deductible against income from other sources where the lease and related commercial arrangement contractually placed the tax burden on the assessee. The tax remained a statutory impost, but the contractual assumption of liability made the payment allowable in principle. However, the deduction was limited to the amount actually paid and proved on verification, so allowance depended on evidence of payment for the relevant year. Case-Laws Income Tax Wed, 30 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250287