https://www.taxtmi.com/caselaws?id=75099 The appeal filed by the revenue was dismissed as both substantial questions of law were answered in favor of the assessee. The Tribunal found that the commission paid to the Directors qualified as a legitimate business expenditure for securing orders and providing personal guarantees. Additionally, the deduction of interest payable in respect of investments made in M/s Virgo Polymers India Limited was allowed as it was deemed to be made for commercial expediency, essential for the assessee's business operations. en-us Wed, 06 Jan 2010 00:00:00 +0530 Fri, 01 Feb 2013 10:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=75099 The appeal filed by the revenue was dismissed as both substantial questions of law were answered in favor of the assessee. The Tribunal found that the commission paid to the Directors qualified as a legitimate business expenditure for securing orders and providing personal guarantees. Additionally, the deduction of interest payable in respect of investments made in M/s Virgo Polymers India Limited was allowed as it was deemed to be made for commercial expediency, essential for the assessee's business operations. Case-Laws Income Tax Wed, 06 Jan 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=75099