https://www.taxtmi.com/caselaws?id=7803 The court ruled against a private limited company seeking rent allowance for a new building used as a showroom and workshop, denying deductions under sections 30 and 37 of the Income-tax Act. The rent payment was deemed to have financed the building's construction, with the building not actively or passively used for business during the relevant accounting year. The court emphasized the necessity of actual business usage for deductions, maintaining the prescribed conditions and limitations. en-us Tue, 18 Feb 1969 00:00:00 +0530 Thu, 19 Mar 2009 15:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7803 The court ruled against a private limited company seeking rent allowance for a new building used as a showroom and workshop, denying deductions under sections 30 and 37 of the Income-tax Act. The rent payment was deemed to have financed the building's construction, with the building not actively or passively used for business during the relevant accounting year. The court emphasized the necessity of actual business usage for deductions, maintaining the prescribed conditions and limitations. Case-Laws Income Tax Tue, 18 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7803