https://www.taxtmi.com/caselaws?id=6161 SC upheld disallowance of deductions for rent, repairs, depreciation and maintenance of a guest-house used in connection with business, finding that section 37(4)-(5) clearly excludes such expenses. The court applied literal statutory interpretation, noting the Legislature deliberately distinguished guest-houses from other premises covered by sections 30-32; prior authorities relied on by the taxpayer were inapplicable. The appeal against the disallowance was dismissed. en-us Wed, 05 Oct 2005 00:00:00 +0530 Fri, 19 Sep 2025 22:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6161 SC upheld disallowance of deductions for rent, repairs, depreciation and maintenance of a guest-house used in connection with business, finding that section 37(4)-(5) clearly excludes such expenses. The court applied literal statutory interpretation, noting the Legislature deliberately distinguished guest-houses from other premises covered by sections 30-32; prior authorities relied on by the taxpayer were inapplicable. The appeal against the disallowance was dismissed. Case-Laws Income Tax Wed, 05 Oct 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6161