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Income Tax - Highlights / Catch Notes

Home Highlights October 2012 Year 2012 This

Payment to MCD towards registration, conversion and parking ...


Taxpayer Payments to Municipal Corporation Not Deductible Under Income Tax Act's Section 37(1) Explanation.

October 28, 2012

Case Laws     Income Tax     AT

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

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