Property tax reimbursed to licensor cannot be treated as tax for Section 43B

Areva India Pvt. Ltd. Vs ACIT (ITAT Mumbai)

Brief facts are, in the course of assessment proceedings the Assessing Officer while verifying the Profit & Loss account noticed that the assessee has debited an amount of Rs. 19,37,936 under the head “General and Administrative Expenses”. After calling for necessary details and examining them, he found that the amount represents property tax payable to the Municipal Authority through the landlord as per the terms of the leave and license agreement. Further, he observed, du

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