Conversion Charges to Municipal Corporation Are Revenue Expenses, Not Disallowed, Offering No Enduring Benefit to Assessee.

Conversion Charges to Municipal Corporation Are Revenue Expenses, Not Disallowed, Offering No Enduring Benefit to Assessee. https://www.taxtmi.com/highlights?id=39991 Disallowance for conversion charges paid to the Municipal Corporation - when necessary expenditure has been incurred by making payment to the MCD, it cannot be of any enduring benefit to the assessee - charges have been paid by the assessee for regularization of his existing business thus revenue in nature. en-us Mon, 18 Jun 2018 08:13:49 +0530 Mon, 18 Jun 2018 08:13:49 +0530 TaxTMI RSS Generator Conversion Charges to Municipal Corporation Are Revenue Expenses, Not Disallowed, Offering No Enduring Benefit to Assessee. https://www.taxtmi.com/highlights?id=39991 Disallowance for conversion charges paid to the Municipal Corporation - when necessary expenditure has been incurred by making payment to the MCD, it cannot be of any enduring benefit to the assessee - charges have been paid by the assessee for regularization of his existing business thus revenue in nature. Highlights Income Tax Mon, 18 Jun 2018 08:13:49 +0530 https://www.taxtmi.com/highlights?id=39991