1984 (2) TMI 172 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Gauhati ruled that municipal tax can be deducted from property income even if not paid during the accounting year, as long as it has been levied by the local authority. The decision of the learned AAC directing the ITO to allow the deduction was upheld. The departmental appeal was rejected. (Case citation: 1984 (2) TMI 172 - ITAT Gauhati)