TMI BlogTaxpayer Payments to Municipal Corporation Not Deductible Under Income Tax Act's Section 37(1) Explanation.Payment to MCD towards registration, conversion and parking charges - revenue v/s capital - harges paid by the assessee to MCD, could not be allowed in view of explanation to sec. 37(1). - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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