https://www.taxtmi.com/caselaws?id=204692 The court upheld the disallowance of rent and repairs related to a guest house under section 37(4) and the inclusion of profit on the sale of fixed assets in book profit under section 115JA. However, it ruled in favor of the assessee regarding the taxability of a notional figure of Rs. 228.34 lakh as income under section 28(iiia). The decision to charge interest under section 234B was affirmed. The appeal was allowed in part, with costs not specified. en-us Wed, 13 Jul 2011 00:00:00 +0530 Tue, 08 Dec 2015 10:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204692 The court upheld the disallowance of rent and repairs related to a guest house under section 37(4) and the inclusion of profit on the sale of fixed assets in book profit under section 115JA. However, it ruled in favor of the assessee regarding the taxability of a notional figure of Rs. 228.34 lakh as income under section 28(iiia). The decision to charge interest under section 234B was affirmed. The appeal was allowed in part, with costs not specified. Case-Laws Income Tax Wed, 13 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204692