ITAT: Refund of Sewage Tax Constitute ‘Business Income’ - 23.05.2022

Income Tax Appellate Tribunal (ITAT), Mumbai bench has held that the refund of sewage tax would be assessed as business income as the same was earlier claimed as business expenditure under the provisions of the Income Tax Act, 1961.

Tags : ITAT Sewage Tax Income-Tax Act 1961

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