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1995 (7) TMI 37 - HC - Income TaxExtract: .......t the abovesaid expenditure incurred by the assessee on the maintenance of the guest house is within the teeth of sub-section (4) of section 37 and, therefore, cannot be claimed as a permissible deduction. For the aforementioned reasons, we answer both the questions in the negative, viz., in favour of the Revenue and against the assessee. No costs.
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