https://www.taxtmi.com/caselaws?id=181110 The High Court held that the professional tax paid under the Municipal Act was deductible under Section 10(1) of the Income-tax Act as it pertained to the business premises and not profits or gains. The Court ruled in favor of the assessee, allowing the deduction of Rs. 125 and emphasizing the distinction between taxes on profits and taxes related to business premises. Costs were awarded to the assessee, affirming the decision of the Income Tax Appellate Tribunal to permit the deduction. en-us Tue, 23 Jan 1968 00:00:00 +0530 Thu, 07 Apr 2016 15:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181110 The High Court held that the professional tax paid under the Municipal Act was deductible under Section 10(1) of the Income-tax Act as it pertained to the business premises and not profits or gains. The Court ruled in favor of the assessee, allowing the deduction of Rs. 125 and emphasizing the distinction between taxes on profits and taxes related to business premises. Costs were awarded to the assessee, affirming the decision of the Income Tax Appellate Tribunal to permit the deduction. Case-Laws Income Tax Tue, 23 Jan 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181110