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2010 (1) TMI 724 - HC - Income TaxLicence fee - whether licence fee payable by the respondent under the Abkari Laws for obtaining the right to carry on business in toddy falls within the description of tax, duty, cess or fee referred to in section 43B(a) of the Income-tax Act, 1961 (for short 'the Act') which entitles the assessee for deduction of the expenditure only if payment is made in the previous year - licence fee granted consideration payable to the Government for granting privilege or right to sell liquor - Held that:- rental payable for the grant of privilege to sell is not a fee - provisions of section 43B are not applicable - decided in favor of assessee.
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