https://www.taxtmi.com/caselaws?id=10718 The High Court held in favor of the assessee, allowing the claim for the expenditure under section 37(1) of the Income-tax Act, 1961. The Court determined that the transit quarters were used exclusively for accommodating employees visiting Bombay for business purposes, qualifying the expenditure for deduction under section 37(1) as it was incurred wholly and exclusively for business reasons. The Court reframed the question to clarify that the deduction should be under section 37(1) and not section 37(4, ruling against the Revenue. en-us Mon, 11 Jul 2005 00:00:00 +0530 Wed, 22 Jul 2009 11:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10718 The High Court held in favor of the assessee, allowing the claim for the expenditure under section 37(1) of the Income-tax Act, 1961. The Court determined that the transit quarters were used exclusively for accommodating employees visiting Bombay for business purposes, qualifying the expenditure for deduction under section 37(1) as it was incurred wholly and exclusively for business reasons. The Court reframed the question to clarify that the deduction should be under section 37(1) and not section 37(4, ruling against the Revenue. Case-Laws Income Tax Mon, 11 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10718