Supreme Court settles deduction on guest house expenses under Section 37 of Income Tax Act: Britannia Industries vs. Commissioner of Income Tax (2005)

/ Altamas Kabir, B.P. Singh, Business Deductions, Business Expenses, Income Tax, Income Tax Act, 1961, Income Tax Act, 1961 with Section 30, Judges, Section 37, Income Tax Act, 1961, Tarun Chatterjee, Tax Law

Introduction Date of the Judgment: 05/10/2005 Citation: Appeal (civil) 2415 of 2004 Judges: B.P. Singh, Tarun Chatterjee & Altamas Kabir Can expenses incurred on a guest house be claimed as a deduction under the Income Tax Act, given the specific provisions regarding guest houses? The Supreme Court of India addressed this question in a case […]

Supreme Court settles deduction on guest house expenses under Section 37 of Income Tax Act: Britannia Industries vs. Commissioner of Income Tax (2005) Read Post »