https://www.taxtmi.com/caselaws?id=19662 The High Court of Bombay ruled against a private limited company in a dispute over the treatment of maintenance expenses and depreciation allowance for flats as guest houses under section 37(4) of the Income-tax Act, 1961. The court held that as the company treated the flats as guest houses for accommodating crew members and representatives, they were not entitled to the claimed allowances. The judgment emphasized the importance of specific use and intention in determining the classification of residential accommodation as a guest house, setting a precedent for interpreting tax provisions in such cases. en-us Tue, 15 Nov 1994 00:00:00 +0530 Sat, 07 Nov 2009 16:53:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19662 The High Court of Bombay ruled against a private limited company in a dispute over the treatment of maintenance expenses and depreciation allowance for flats as guest houses under section 37(4) of the Income-tax Act, 1961. The court held that as the company treated the flats as guest houses for accommodating crew members and representatives, they were not entitled to the claimed allowances. The judgment emphasized the importance of specific use and intention in determining the classification of residential accommodation as a guest house, setting a precedent for interpreting tax provisions in such cases. Case-Laws Income Tax Tue, 15 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19662