https://www.taxtmi.com/caselaws?id=20071 The court held in favor of the assessee, allowing deductions for ground rent and municipal taxes under Section 37 of the Income-tax Act, even though not under Section 30, as the expenses were deemed wholly and exclusively for business purposes. Additionally, the court determined that the premises were used for business activities from the time of possession, entitling the assessee to depreciation under Section 32. The reference was disposed of in favor of the assessee, with no order as to costs. en-us Fri, 01 Oct 1993 00:00:00 +0530 Wed, 11 Nov 2009 14:29:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20071 The court held in favor of the assessee, allowing deductions for ground rent and municipal taxes under Section 37 of the Income-tax Act, even though not under Section 30, as the expenses were deemed wholly and exclusively for business purposes. Additionally, the court determined that the premises were used for business activities from the time of possession, entitling the assessee to depreciation under Section 32. The reference was disposed of in favor of the assessee, with no order as to costs. Case-Laws Income Tax Fri, 01 Oct 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20071