https://www.taxtmi.com/caselaws?id=22517 HC held that the assessee's transit bungalows constituted "guest houses" within the meaning of the Income-tax Act, as they were maintained for visitors, including employees and customers, without recovery of charges; consequently, no deduction was admissible for their maintenance expenses and the Tribunal erred in allowing the claim in part. On the issue of subsidy under the State Export Incentive Scheme, HC held that the incentive, being regularly received after commencement of production and linked to the business operations, was a revenue receipt, not a capital contribution. The payment was inseparably connected with carrying on the industrial undertaking and was therefore taxable in the assessee's hands. en-us Wed, 28 Jun 1989 00:00:00 +0530 Wed, 03 Dec 2025 19:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22517 HC held that the assessee's transit bungalows constituted "guest houses" within the meaning of the Income-tax Act, as they were maintained for visitors, including employees and customers, without recovery of charges; consequently, no deduction was admissible for their maintenance expenses and the Tribunal erred in allowing the claim in part. On the issue of subsidy under the State Export Incentive Scheme, HC held that the incentive, being regularly received after commencement of production and linked to the business operations, was a revenue receipt, not a capital contribution. The payment was inseparably connected with carrying on the industrial undertaking and was therefore taxable in the assessee's hands. Case-Laws Income Tax Wed, 28 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22517