https://www.taxtmi.com/caselaws?id=37836 The court ruled in favor of the limited company, allowing the full deduction of municipal taxes under Section 23(1) of the Income Tax Act, 1961. The court held that the owner's liability to pay taxes, not the tenant's, was crucial for claiming deductions under Section 23. It rejected the revenue's argument that the owner must have already paid the taxes to claim deductions, emphasizing that the owner's liability sufficed. The court awarded costs to the company, with a concurring opinion from another judge. en-us Fri, 21 Apr 1978 00:00:00 +0530 Thu, 01 Apr 2010 12:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37836 The court ruled in favor of the limited company, allowing the full deduction of municipal taxes under Section 23(1) of the Income Tax Act, 1961. The court held that the owner's liability to pay taxes, not the tenant's, was crucial for claiming deductions under Section 23. It rejected the revenue's argument that the owner must have already paid the taxes to claim deductions, emphasizing that the owner's liability sufficed. The court awarded costs to the company, with a concurring opinion from another judge. Case-Laws Income Tax Fri, 21 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37836