Following the judgement in Britannia Industries Ltd. v. CIT (2015) 278 ITR 546 (SC) guest house expenses are held ton be not allowable. (AY.1997 -98)
Standard Chartered Bank. v. JCIT (2019) 177 ITD 139 / 200 TTJ 774/ 178 DTR 201(Mum.) (Trib.)
S. 37(4) : Business expenditure-Guest house expenses-Held to be not allowable.