https://www.taxtmi.com/caselaws?id=77072 The High Court upheld the Tribunal's decision to disallow Guest House expenses under Section 37(4) of the Income-tax Act, 1961. The appellant's challenge against the disallowance of expenses amounting to Rs. 9,59,60 under Section 30 was rejected. Referring to precedents and legislative intent, the Court affirmed that expenses on guest house maintenance are not allowable under Section 30 post the amendments to Section 37. The Court concurred with the respondent's counsel, acknowledging the issue's precedent in Britannia Industries Ltd., leading to the dismissal of the appeal in favor of the respondent. en-us Mon, 26 Apr 2010 00:00:00 +0530 Sat, 14 Aug 2010 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=77072 The High Court upheld the Tribunal's decision to disallow Guest House expenses under Section 37(4) of the Income-tax Act, 1961. The appellant's challenge against the disallowance of expenses amounting to Rs. 9,59,60 under Section 30 was rejected. Referring to precedents and legislative intent, the Court affirmed that expenses on guest house maintenance are not allowable under Section 30 post the amendments to Section 37. The Court concurred with the respondent's counsel, acknowledging the issue's precedent in Britannia Industries Ltd., leading to the dismissal of the appeal in favor of the respondent. Case-Laws Income Tax Mon, 26 Apr 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=77072