https://www.taxtmi.com/caselaws?id=18212 The High Court ruled in favor of the assessee, affirming the Tribunal's decision to allow the deduction for the repairing expenses of the directors' bungalow and furniture. The court held that the bungalow was not a guest house, making the expenses eligible for deduction under the Income-tax Act, 1961. The application of the CIT v. Parshva Properties Ltd. judgment was considered appropriate, given the retrospective effect of section 37(5) and the timing of the prior judgment. en-us Mon, 24 Jun 1996 00:00:00 +0530 Tue, 29 Sep 2009 14:40:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18212 The High Court ruled in favor of the assessee, affirming the Tribunal's decision to allow the deduction for the repairing expenses of the directors' bungalow and furniture. The court held that the bungalow was not a guest house, making the expenses eligible for deduction under the Income-tax Act, 1961. The application of the CIT v. Parshva Properties Ltd. judgment was considered appropriate, given the retrospective effect of section 37(5) and the timing of the prior judgment. Case-Laws Income Tax Mon, 24 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18212