https://www.taxtmi.com/caselaws?id=19524 Guest-house maintenance expenditure was treated as year-specific under section 37 of the Income-tax Act, 1961. For assessment year 1970-71, the unamended section 37(3) governed and the deduction was allowed. For assessment years 1971-72 and 1972-73, the later section 37(4) disallowance applied to expenditure on residential accommodation in the nature of a guest house, so the claim was not allowable. The stated ratio is that deductibility of guest-house maintenance depends on the assessment year and the statutory regime then in force. en-us Thu, 08 Dec 1994 00:00:00 +0530 Fri, 06 Nov 2009 16:56:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19524 Guest-house maintenance expenditure was treated as year-specific under section 37 of the Income-tax Act, 1961. For assessment year 1970-71, the unamended section 37(3) governed and the deduction was allowed. For assessment years 1971-72 and 1972-73, the later section 37(4) disallowance applied to expenditure on residential accommodation in the nature of a guest house, so the claim was not allowable. The stated ratio is that deductibility of guest-house maintenance depends on the assessment year and the statutory regime then in force. Case-Laws Income Tax Thu, 08 Dec 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19524