Disallowance for conversion charges paid to the Municipal ...

Conversion Charges to Municipal Corporation Are Revenue Expenses, Not Disallowed, Offering No Enduring Benefit to Assessee.

June 18, 2018

Case Laws Income Tax AT

Disallowance for conversion charges paid to the Municipal Corporation - when necessary expenditure has been incurred by making payment to the MCD, it cannot be of any enduring benefit to the assessee - charges have been paid by the assessee for regularization of his existing business thus revenue in nature.

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Disallowance for conversion charges paid to the Municipal ...

Conversion Charges to Municipal Corporation Are Revenue Expenses, Not Disallowed, Offering No Enduring Benefit to Assessee.

June 18, 2018

Case Laws Income Tax AT

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