https://www.taxtmi.com/caselaws?id=23643 Expenditure on maintaining buildings provided for employees' residence, together with depreciation on those buildings, is includible when computing the disallowance ceiling under section 40A(5) of the Income-tax Act. The Kerala High Court followed binding Full Bench and later Division Bench authority to hold that such residential-building costs fall within the statutory computation, and receipt of rent or other consideration from employees for use of the employer's asset does not alter that position. The issue was answered in favour of the Revenue and against the assessee. en-us Tue, 24 Oct 1989 00:00:00 +0530 Wed, 23 Dec 2009 10:25:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23643 Expenditure on maintaining buildings provided for employees' residence, together with depreciation on those buildings, is includible when computing the disallowance ceiling under section 40A(5) of the Income-tax Act. The Kerala High Court followed binding Full Bench and later Division Bench authority to hold that such residential-building costs fall within the statutory computation, and receipt of rent or other consideration from employees for use of the employer's asset does not alter that position. The issue was answered in favour of the Revenue and against the assessee. Case-Laws Income Tax Tue, 24 Oct 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23643