Disallowance u/s 43B - property tax levied by the Municipal ...

Reimbursements for Property Tax to Licensor Not Disallowed u/s 43B; Not Classified as Rate, Tax, Fee, Cess.

April 3, 2020

Case Laws Income Tax AT

Disallowance u/s 43B - property tax levied by the Municipal Authority is a charge on the property. Undisputedly, the licensor is the owner of the property, hence, liable to pay the property tax. That being the case, the amount equivalent to the property tax reimbursed to the licensor cannot be treated as rate, tax, fee, cess, etc., as provided u/s 43B(a) - Therefore, the disallowance made has to be deleted.

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Disallowance u/s 43B - property tax levied by the Municipal ...

Reimbursements for Property Tax to Licensor Not Disallowed u/s 43B; Not Classified as Rate, Tax, Fee, Cess.

April 3, 2020

Case Laws Income Tax AT

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