Borne By The Owner
Legal definition for Indian law research
Definition
Borne by the owner, the amount of tax which the owner is liable to discharge as stated in the proviso to s. 23(1) of the Act, i.e., the liability to pay tax imposed by the local authority which the owner is liable to discharge and not the actual sum paid by him in discharge of that liability, CIT v. Dalhousie Properties Ltd., (1984) 4 SCC 388: AIR 1987 SC 1867 (1868): (1985) 1 SCR 613. [Income Tax Act (43 of 1961) s. 23 (1)]
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