The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the reimbursement of the amount of property tax by the licensee to the landlord under the contract would be eligible for deduction as the same would amount to an allowable expenditure under section 44B of the Income Tax Act, 1961. In the […]
The post Reimbursement of Property Tax to Landlord under Contract is an Allowable Expenditure: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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