https://www.taxtmi.com/caselaws?id=277375 Municipal general tax payable under the City of Bombay Municipal Act, 1888 is not deductible under section 9(1)(iv) of the Indian Income-tax Act, 1922. The provision allows deduction for interest on a mortgage or other capital charge and, after the 1939 amendment, for an annual charge not being a capital charge. The tax was assessed annually and payable in instalments, but it did not constitute an annual charge in its true character, and any charge created by the municipal law operated as a charge on capital. The statutory scheme also showed that, where municipal taxes or local rates were intended to be deductible, the Act said so expressly. en-us Thu, 08 Apr 1943 00:00:00 +0630 Mon, 03 Dec 2018 10:39:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277375 Municipal general tax payable under the City of Bombay Municipal Act, 1888 is not deductible under section 9(1)(iv) of the Indian Income-tax Act, 1922. The provision allows deduction for interest on a mortgage or other capital charge and, after the 1939 amendment, for an annual charge not being a capital charge. The tax was assessed annually and payable in instalments, but it did not constitute an annual charge in its true character, and any charge created by the municipal law operated as a charge on capital. The statutory scheme also showed that, where municipal taxes or local rates were intended to be deductible, the Act said so expressly. Case-Laws Income Tax Thu, 08 Apr 1943 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=277375