https://www.taxtmi.com/caselaws?id=63462 The Appellate Tribunal ITAT DELHI-B partially allowed the appeal regarding disallowance under section 37(4) of the Income-tax Act. The Tribunal held that rent paid for a guest house should be allowed under section 30, adopting the interpretation favorable to the assessee amidst conflicting High Court views. The decision emphasized the importance of considering the assessee's perspective when multiple interpretations of a provision exist, ultimately directing the allowance of Rs. 1,76,000 for the rent paid. en-us Wed, 22 Mar 1995 00:00:00 +0530 Mon, 31 Jan 2011 11:14:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63462 The Appellate Tribunal ITAT DELHI-B partially allowed the appeal regarding disallowance under section 37(4) of the Income-tax Act. The Tribunal held that rent paid for a guest house should be allowed under section 30, adopting the interpretation favorable to the assessee amidst conflicting High Court views. The decision emphasized the importance of considering the assessee's perspective when multiple interpretations of a provision exist, ultimately directing the allowance of Rs. 1,76,000 for the rent paid. Case-Laws Income Tax Wed, 22 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63462