2002 (9) TMI 71

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....The question referred to us, at the instance of the Revenue, for our consideration is as follows: "Whether, on the facts and in the circumstances of the case and having regard to the provisions of Explanation (ii) to the second proviso to section 37(4) of the Income-tax Act, the Tribunal is right in law in holding that lease rent paid for guest house cannot be disallowed under section 37(4) of ....