<h1>Supreme Court Rules on Tax Disputes: Legitimate Deductions, Asset Depreciation, Bank Guarantees, and Capital Expenditure Clarified.</h1> The Supreme Court addressed several tax-related disputes involving a company and the Commissioner of Income Tax, Udaipur, Rajasthan. In one case, the Court upheld the High Court's decision allowing the deduction of technical service charges based on a new agreement, deeming it a legitimate business expense. Another case involved the depreciation of research and development assets linked to a closed business unit, which was remanded for further examination. The Court also clarified that furnishing a bank guarantee does not equate to actual tax payment under Section 43B. Lastly, a case concerning the classification of transformer purchase costs as capital expenditure was remanded for further review.