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Documents citing Century Spg. And Mfg. Co. Ltd. vs Income-Tax Officer on 7 September, 1990

Hindustan Lever Ltd. vs Inspecting Assistant Commissioner on 4 March, 1996

In our considered opinion, the controversy before us is squarely covered by the decisions of the Hon'ble Bombay High Court in the cases of Chase Bright Steel Ltd. (No. 1) (supra) and Century Spg. & Mfg. Co. Ltd. (supra). Such controversy had not been there before the Hon'ble Bombay High Court in the later two decisions. Hence, after following the earlier two decision of the Hon'ble Bombay High Court, we decide the issue in favour of the assessee and hood that rent and repairs in respect of guest house as well as depreciation thereon cannot be disallowed under section 37(4).
Income Tax Appellate Tribunal - Mumbai Cites 16 - Cited by 3 - Full Document
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