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2005 (7) TMI 82 - BOMBAY HIGH COURT"Whether, the expenditure incurred on maintenance of the transit quarter at Car-michael Road, Bombay, for accommodating its employees visiting Bombay from outstations for the purposes of business could be disallowed under section 37(4) of the Income-tax Act, 1961, treating it as a guest house?" - the claim for allowance of expenditure under section 37(1) is required to be allowed and the question reframed to read as expenditure allowable under section 37(1) and not section 37(4). Accordingly, the question is answered in favour of the assessee and against the Revenue.
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