https://www.taxtmi.com/caselaws?id=63971 Rent paid for leased premises restricted to residential use was not deductible as a business expense because no permission for office use was shown and the evidence indicated that the premises were mainly used by the chairman and family members, with only limited board meetings held there; mere occasional business meetings did not convert the property into official accommodation. The write-off of the outstanding amount was allowable as a bad debt or business loss because the records showed prolonged non-recovery, dispute over liability, substantial repayment of principal, and futility of legal recovery action. The result was disallowance of the rent claim and allowance of the write-off. en-us Wed, 19 Aug 1992 00:00:00 +0530 Wed, 02 Feb 2011 18:43:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63971 Rent paid for leased premises restricted to residential use was not deductible as a business expense because no permission for office use was shown and the evidence indicated that the premises were mainly used by the chairman and family members, with only limited board meetings held there; mere occasional business meetings did not convert the property into official accommodation. The write-off of the outstanding amount was allowable as a bad debt or business loss because the records showed prolonged non-recovery, dispute over liability, substantial repayment of principal, and futility of legal recovery action. The result was disallowance of the rent claim and allowance of the write-off. Case-Laws Income Tax Wed, 19 Aug 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63971