https://www.taxtmi.com/caselaws?id=151911 The tribunal allowed the appeals for the assessment years 1992-93 to 1995-96 partially and fully allowed the appeal for the assessment year 1996-97. The tribunal reversed the disallowances of rent claims totaling Rs. 3,78,000 for each year, holding that the rent payment for a godown was an allowable business expenditure under sections 30 and 37(1) of the Income-tax Act. The tribunal found that the godown was rented for business purposes, even if not actively utilized, and met the criteria for deductible business expenses. en-us Thu, 13 Jul 2000 00:00:00 +0530 Wed, 19 Jun 2013 14:46:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=151911 The tribunal allowed the appeals for the assessment years 1992-93 to 1995-96 partially and fully allowed the appeal for the assessment year 1996-97. The tribunal reversed the disallowances of rent claims totaling Rs. 3,78,000 for each year, holding that the rent payment for a godown was an allowable business expenditure under sections 30 and 37(1) of the Income-tax Act. The tribunal found that the godown was rented for business purposes, even if not actively utilized, and met the criteria for deductible business expenses. Case-Laws Income Tax Thu, 13 Jul 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=151911