https://www.taxtmi.com/caselaws?id=337645 The High Court ruled in favor of the Applicant, holding that Section 37(5) of the Income Tax Act does not apply when a guest house is used as a holiday home for employees on leave. The court emphasized that the second proviso to Section 37(4) is not rendered ineffective by Section 37(5) and clarified that Section 37(5) pertains to lodging or boarding for persons on tour or visit, not for employees on leave. The court found the Tribunal erred in denying the benefit of the second proviso to Section 37(4) to the Applicant, ultimately ruling against the Revenue and in favor of the Applicant. en-us Fri, 23 Dec 2016 00:00:00 +0530 Fri, 13 Jan 2017 10:08:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337645 The High Court ruled in favor of the Applicant, holding that Section 37(5) of the Income Tax Act does not apply when a guest house is used as a holiday home for employees on leave. The court emphasized that the second proviso to Section 37(4) is not rendered ineffective by Section 37(5) and clarified that Section 37(5) pertains to lodging or boarding for persons on tour or visit, not for employees on leave. The court found the Tribunal erred in denying the benefit of the second proviso to Section 37(4) to the Applicant, ultimately ruling against the Revenue and in favor of the Applicant. Case-Laws Income Tax Fri, 23 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337645