https://www.taxtmi.com/caselaws?id=10368 Building tax paid under the Kerala Building Tax Act, 1975 was treated as a one-time levy attached to completion of construction and perfection of title, making it capital expenditure rather than revenue expenditure. Because section 30(b) covers municipal taxes and similar recurring outgoings, the deduction was held unavailable under that provision. Section 37(1) also could not apply, as it permits only revenue expenditure and cannot be used for an item of capital character outside section 30. The claim for deduction was therefore rejected. en-us Thu, 10 Feb 2005 00:00:00 +0530 Tue, 14 Jul 2009 12:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10368 Building tax paid under the Kerala Building Tax Act, 1975 was treated as a one-time levy attached to completion of construction and perfection of title, making it capital expenditure rather than revenue expenditure. Because section 30(b) covers municipal taxes and similar recurring outgoings, the deduction was held unavailable under that provision. Section 37(1) also could not apply, as it permits only revenue expenditure and cannot be used for an item of capital character outside section 30. The claim for deduction was therefore rejected. Case-Laws Income Tax Thu, 10 Feb 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10368