https://www.taxtmi.com/caselaws?id=15132 The High Court held that the circuit house maintained by the assessee qualifies as a guest house under section 37(4) of the Income-tax Act, disallowing the expenditure and depreciation claims. The Court also ruled in favor of the assessee regarding the entitlement to depreciation on roads inside the factory, following the Supreme Court precedent. The decision favored the Revenue over the assessee on the issue of the circuit house's classification as a guest house. en-us Tue, 28 Apr 1998 00:00:00 +0530 Mon, 03 Aug 2009 12:17:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15132 The High Court held that the circuit house maintained by the assessee qualifies as a guest house under section 37(4) of the Income-tax Act, disallowing the expenditure and depreciation claims. The Court also ruled in favor of the assessee regarding the entitlement to depreciation on roads inside the factory, following the Supreme Court precedent. The decision favored the Revenue over the assessee on the issue of the circuit house's classification as a guest house. Case-Laws Income Tax Tue, 28 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15132