https://www.taxtmi.com/caselaws?id=21769 Rent paid for premises used to run a business of providing lodging and boarding facilities to staff members of sister concerns was treated as trading expenditure incurred wholly for the assessee's business. On the concurrent findings of the appellate authorities, the expense was allowable under section 28 of the Income-tax Act, 1961. As a result, the disallowance provision in section 37(4) did not apply, because the payment was not a non-business or inadmissible expenditure but part of the business trading outlay. en-us Wed, 20 Nov 1991 00:00:00 +0530 Sat, 28 Nov 2009 15:52:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21769 Rent paid for premises used to run a business of providing lodging and boarding facilities to staff members of sister concerns was treated as trading expenditure incurred wholly for the assessee's business. On the concurrent findings of the appellate authorities, the expense was allowable under section 28 of the Income-tax Act, 1961. As a result, the disallowance provision in section 37(4) did not apply, because the payment was not a non-business or inadmissible expenditure but part of the business trading outlay. Case-Laws Income Tax Wed, 20 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21769