https://www.taxtmi.com/caselaws?id=5886 The High Court held in favor of the assessee, ruling that the amount of municipal tax borne by the property owner should be allowed as a deduction under section 23(1) of the Income-tax Act. The court clarified that the term "borne by the owner" refers to the tax liability the owner is obligated to pay, not the actual amount paid. It emphasized that deductions should be based on the assumed tax liability, not the actual payments made. The court dismissed the Commissioner of Income-tax's challenge, upholding the decision to allow the full deduction claimed by the assessee. en-us Thu, 23 Aug 1984 00:00:00 +0530 Fri, 28 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5886 The High Court held in favor of the assessee, ruling that the amount of municipal tax borne by the property owner should be allowed as a deduction under section 23(1) of the Income-tax Act. The court clarified that the term "borne by the owner" refers to the tax liability the owner is obligated to pay, not the actual amount paid. It emphasized that deductions should be based on the assumed tax liability, not the actual payments made. The court dismissed the Commissioner of Income-tax's challenge, upholding the decision to allow the full deduction claimed by the assessee. Case-Laws Income Tax Thu, 23 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5886