https://www.taxtmi.com/caselaws?id=185363 The court ruled in favor of the revenue regarding the deduction of guest house expenses under section 37(4) of the Income Tax Act, overturning the Tribunal's decision. However, the court sided with the assessee on the disallowance of expenses under section 37(3) read with rule 6D, holding that other business-related expenses were not governed by the limiting provisions. Additionally, the court found that section 35AB did not apply to technical know-how fees as they were revenue in nature, allowing the deduction under section 37(1) and ruling against the revenue's argument. en-us Tue, 03 Jul 2012 00:00:00 +0530 Wed, 09 May 2018 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185363 The court ruled in favor of the revenue regarding the deduction of guest house expenses under section 37(4) of the Income Tax Act, overturning the Tribunal's decision. However, the court sided with the assessee on the disallowance of expenses under section 37(3) read with rule 6D, holding that other business-related expenses were not governed by the limiting provisions. Additionally, the court found that section 35AB did not apply to technical know-how fees as they were revenue in nature, allowing the deduction under section 37(1) and ruling against the revenue's argument. Case-Laws Income Tax Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185363