https://www.taxtmi.com/caselaws?id=22378 The High Court ruled against the assessee on the recomputation of capital employed under section 80J and rule 19A, aligning with Supreme Court precedent. Allowability of expenses under sections 37(1) and 37(4) was upheld based on relevant case law. Deduction of impugned expenditure and entertainment expenses under section 37(2B) favored the assessee. Expenditure for guest house maintenance was allowed, distinguishing between different types of expenses. Depreciation on roads was permitted as building depreciation. The written down value of the approach road was included in fixed assets computation, following established principles. en-us Fri, 14 Jun 1991 00:00:00 +0530 Wed, 09 Dec 2009 15:49:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22378 The High Court ruled against the assessee on the recomputation of capital employed under section 80J and rule 19A, aligning with Supreme Court precedent. Allowability of expenses under sections 37(1) and 37(4) was upheld based on relevant case law. Deduction of impugned expenditure and entertainment expenses under section 37(2B) favored the assessee. Expenditure for guest house maintenance was allowed, distinguishing between different types of expenses. Depreciation on roads was permitted as building depreciation. The written down value of the approach road was included in fixed assets computation, following established principles. Case-Laws Income Tax Fri, 14 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22378