https://www.taxtmi.com/caselaws?id=37728 A statutory tax on land and buildings used in a manufacturing business may qualify as business expenditure under section 37(1) where the assessee is liable as occupier and the payment is incidental to carrying on the business. The text applies the owner-cum-trader principle, treating a levy on the property interest as deductible when incurred for business purposes, and notes that the earlier narrower requirement of a direct and intimate connection with ownership was not followed after later Supreme Court authority. The tax was therefore treated as an allowable deduction. en-us Mon, 05 Mar 1979 00:00:00 +0530 Wed, 31 Mar 2010 16:56:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37728 A statutory tax on land and buildings used in a manufacturing business may qualify as business expenditure under section 37(1) where the assessee is liable as occupier and the payment is incidental to carrying on the business. The text applies the owner-cum-trader principle, treating a levy on the property interest as deductible when incurred for business purposes, and notes that the earlier narrower requirement of a direct and intimate connection with ownership was not followed after later Supreme Court authority. The tax was therefore treated as an allowable deduction. Case-Laws Income Tax Mon, 05 Mar 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37728