2021 (7) TMI 549

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....appeal at the instance of the Revenue is directed against CIT(A)'s order dated 22.09.2011. The relevant assessment year is 2008-2009. 2. The solitary issue that is raised is whether the CIT(A) has erred in deleting the addition of Rs. 87,50,000 made on account of disallowance of claim of payment of property tax. 3. At the very outset, we notice that the ITAT in its consolidated order dated 21.12....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

...., duty, cess or fee shall be allowed in the year in which it is actually paid. It is not in dispute that on account of directions issued by the court, the assessee paid a sum of Rs. 87,50,000/- towards property tax. Therefore, the assessee is entitled to deduction to the extent of property tax which was paid by it. The Commissioner of Income Tax (Appeals) appeal as well as the tribunal have rightl....