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<h1>Court rules on deductions under section 36(1)(viii) and guest house expenditure for business purposes</h1> The High Court of Gujarat held that deductions under section 36(1)(viii) should be computed based on total income before deductions under Chapter VI-A. ... Business Expenditure, Financial Corporation, Guest House, Special Reserve The High Court of Gujarat delivered a judgment on a case involving deductions under section 36(1)(viii) of the Income-tax Act, 1961, and guest house expenditure under section 37. The court ruled that the deduction under section 36(1)(viii) should be calculated based on total income before deductions under Chapter VI-A. It also held that the guest house expenditure was allowable under section 37 as it was for the business purpose. The court answered both questions in favor of the assessee, disposing of the references without costs.
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