https://www.taxtmi.com/caselaws?id=207367 The court ruled against the assessee on all three issues. Firstly, the disallowance under Rule 6D was held to be computed per journey rather than aggregating trips. Secondly, expenses on the guest house were disallowed following precedent. Lastly, the reduction of the amount withdrawn from the revaluation reserve in computing book profits was not allowed as the reserve was not created by crediting the profit and loss account. The court emphasized adherence to the Income-tax Act provisions and relevant rules, disposing of the reference accordingly with costs following the result. en-us Thu, 04 Aug 2011 00:00:00 +0530 Tue, 03 Apr 2012 17:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=207367 The court ruled against the assessee on all three issues. Firstly, the disallowance under Rule 6D was held to be computed per journey rather than aggregating trips. Secondly, expenses on the guest house were disallowed following precedent. Lastly, the reduction of the amount withdrawn from the revaluation reserve in computing book profits was not allowed as the reserve was not created by crediting the profit and loss account. The court emphasized adherence to the Income-tax Act provisions and relevant rules, disposing of the reference accordingly with costs following the result. Case-Laws Income Tax Thu, 04 Aug 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=207367