1999 (4) TMI 59 - HC - Income Tax

Summary

The High Court of Bombay ruled on two questions of law related to income tax. The first question was about the deduction of municipal taxes for a specific period, which was deemed not allowable. The second question was about the validity of a claim for deduction under section 80MM, which was also decided in favor of the Revenue. The judgment favored the Revenue in both instances.