Proportionate municipal tax paid to society allowable against house property income

K Lalchand Pvt Ltd Vs CIT (ITAT Mumbai)

Municipal tax quantified by society & proportionately collected from flat owner is allowable expenditure

ITAT Mumbai held that in case municipal tax receipts are in name of land lord and ownership of flats are with society and taxes are borne by the society and collects proportionate taxes from flat owner. Then, municipal tax so paid is allowable as expenditure u/s 24 of the Income Tax Act.

Facts- The asse

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