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2010 (2) TMI 399 - HC - Income TaxBusiness Expenditure- Whether the appellate authorities were correct in holding that transit house maintenance expense is an allowable deduction despite the Assessing Officer having held that the same was a guest home expense which was not allowable under section 37(4) and 37(5) of the Act ? held that- section 37(5) of the Act, is very clear and states that if any lodging or boarding to an employee of the assessee is provided by the assessee either when such employee is on tour or a visit, it will be treated as a guest house. Merely calling it transit accommodation, does not change its character. Maintenance expenses of such transit accommodation are not deductible.
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