https://www.taxtmi.com/caselaws?id=37303 The High Court ruled in favor of the assessee, upholding the Tribunal's decisions. The Court determined that the requirement of maintaining registers under rule 6C applies only to guest houses, not all residential accommodations. Thus, the disallowance based on non-compliance with rule 6C was deemed incorrect. Additionally, the Court found the expenditure on property valuation to be wholly and exclusively for business purposes, in line with commercial expediency. Consequently, the Court allowed the deduction for the expenditure under section 37(1) of the Income-tax Act. en-us Thu, 10 Aug 1978 00:00:00 +0530 Mon, 29 Mar 2010 10:12:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37303 The High Court ruled in favor of the assessee, upholding the Tribunal's decisions. The Court determined that the requirement of maintaining registers under rule 6C applies only to guest houses, not all residential accommodations. Thus, the disallowance based on non-compliance with rule 6C was deemed incorrect. Additionally, the Court found the expenditure on property valuation to be wholly and exclusively for business purposes, in line with commercial expediency. Consequently, the Court allowed the deduction for the expenditure under section 37(1) of the Income-tax Act. Case-Laws Income Tax Thu, 10 Aug 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37303