https://www.taxtmi.com/caselaws?id=27466 The High Court of Karnataka ruled against the assessee in cases involving the disallowance of expenditure on maintaining flats in Bombay and Delhi for a public limited company under Section 37(4) of the Income-tax Act, 1961. The court held that the company's flats, primarily used by employees and occasionally by government officials, did not qualify as holiday homes for employees under the provision. The judgment emphasized the legislative intent to restrict allowances for guest-house maintenance post-1972, requiring exclusive employee use as holiday homes to qualify for exceptions. en-us Thu, 17 Nov 1983 00:00:00 +0530 Sat, 13 Feb 2010 10:26:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27466 The High Court of Karnataka ruled against the assessee in cases involving the disallowance of expenditure on maintaining flats in Bombay and Delhi for a public limited company under Section 37(4) of the Income-tax Act, 1961. The court held that the company's flats, primarily used by employees and occasionally by government officials, did not qualify as holiday homes for employees under the provision. The judgment emphasized the legislative intent to restrict allowances for guest-house maintenance post-1972, requiring exclusive employee use as holiday homes to qualify for exceptions. Case-Laws Income Tax Thu, 17 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27466