https://www.taxtmi.com/caselaws?id=61912 The Tribunal allowed the deduction for bank guarantee commission as revenue expenditure. The full 5% commission paid to M/s. Tara Agencies was allowed, along with certain expenses disallowed by the I.T.O. under Section 40A(5). The claim for weighted deduction on freight was disallowed, but various other expenses were partially allowed. Cash compensatory support was held non-taxable. The commission paid to M/s. Bhansali Brothers was allowed, as were consultancy fees to M/s. Nonsuch Tea Estates. Bonus payments exceeding statutory limits were permitted, excess director salaries were allowed, and the assessee was classified as an industrial company. Investment allowance on a tea packing machine was permitted, and interest disallowance was deleted. en-us Fri, 18 Aug 1989 00:00:00 +0530 Mon, 17 Jan 2011 10:03:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61912 The Tribunal allowed the deduction for bank guarantee commission as revenue expenditure. The full 5% commission paid to M/s. Tara Agencies was allowed, along with certain expenses disallowed by the I.T.O. under Section 40A(5). The claim for weighted deduction on freight was disallowed, but various other expenses were partially allowed. Cash compensatory support was held non-taxable. The commission paid to M/s. Bhansali Brothers was allowed, as were consultancy fees to M/s. Nonsuch Tea Estates. Bonus payments exceeding statutory limits were permitted, excess director salaries were allowed, and the assessee was classified as an industrial company. Investment allowance on a tea packing machine was permitted, and interest disallowance was deleted. Case-Laws Income Tax Fri, 18 Aug 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61912