https://www.taxtmi.com/caselaws?id=60707 The Tribunal partially allowed the appeal, upholding the disallowance of local conveyance expenses as guest house expenditure under Section 37 of the Act. It directed the AO to compute the deduction under Section 80HHC based on gross sale proceeds and allowed the deduction at the stage of computation of composite income. The issue regarding the levy of additional tax was dismissed as infructuous. en-us Wed, 30 May 2001 00:00:00 +0530 Fri, 07 Jan 2011 17:18:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60707 The Tribunal partially allowed the appeal, upholding the disallowance of local conveyance expenses as guest house expenditure under Section 37 of the Act. It directed the AO to compute the deduction under Section 80HHC based on gross sale proceeds and allowed the deduction at the stage of computation of composite income. The issue regarding the levy of additional tax was dismissed as infructuous. Case-Laws Income Tax Wed, 30 May 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60707