https://www.taxtmi.com/caselaws?id=23640 The High Court upheld the Tribunal's decision, ruling that the entire expenditure incurred by the assessee for maintaining buildings provided for employees' residence, along with depreciation, could be considered for disallowance under sections 40(a)(v) and 40A(5)(b) of the Income-tax Act. The court clarified that the employer's expenditure on assets used by employees for their benefit, regardless of rent collection, falls within the purview of the statutory provisions. The court answered the question in favor of the Revenue, disposing of the Income-tax References accordingly. en-us Wed, 18 Oct 1989 00:00:00 +0530 Wed, 23 Dec 2009 10:19:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23640 The High Court upheld the Tribunal's decision, ruling that the entire expenditure incurred by the assessee for maintaining buildings provided for employees' residence, along with depreciation, could be considered for disallowance under sections 40(a)(v) and 40A(5)(b) of the Income-tax Act. The court clarified that the employer's expenditure on assets used by employees for their benefit, regardless of rent collection, falls within the purview of the statutory provisions. The court answered the question in favor of the Revenue, disposing of the Income-tax References accordingly. Case-Laws Income Tax Wed, 18 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23640