https://www.taxtmi.com/highlights?id=61307 Revision u/s 263 by CIT - additions u/s 40(a)(iib) - The gallonage fee, licence fee and shop rental (kist) with respect to FL­9 and FL­1 licences granted to the appellant will, squarely fall within the purview of Section 40(a)(iib) of the Income-­tax Act, 1961. The surcharge on sales tax and turnover tax, is not a fee or charge coming within the scope of Section 40(a)(iib)(A) or 40(a)(iib)(B), as such same is not an amount which can be disallowed under the said provision and disallowance made in this regard is rightly set aside by the High Court. - SC en-us Thu, 06 Jan 2022 11:21:10 +0530 Thu, 06 Jan 2022 11:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=61307 Revision u/s 263 by CIT - additions u/s 40(a)(iib) - The gallonage fee, licence fee and shop rental (kist) with respect to FL­9 and FL­1 licences granted to the appellant will, squarely fall within the purview of Section 40(a)(iib) of the Income-­tax Act, 1961. The surcharge on sales tax and turnover tax, is not a fee or charge coming within the scope of Section 40(a)(iib)(A) or 40(a)(iib)(B), as such same is not an amount which can be disallowed under the said provision and disallowance made in this regard is rightly set aside by the High Court. - SC Highlights Income Tax Thu, 06 Jan 2022 11:21:10 +0530 https://www.taxtmi.com/highlights?id=61307