https://www.taxtmi.com/caselaws?id=5612 Guarantee commission and interest on deferred payment were treated as revenue expenditure deductible in computing total income. The SC followed its earlier decision in the same assessee's matter, together with an allied decision on similar facts, and regarded that binding position as decisive of the issue. On that basis, the payments were allowed as deductions and the question was answered in favour of the assessee. en-us Tue, 04 Feb 1997 00:00:00 +0530 Sat, 11 Jul 2026 11:48:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5612 Guarantee commission and interest on deferred payment were treated as revenue expenditure deductible in computing total income. The SC followed its earlier decision in the same assessee's matter, together with an allied decision on similar facts, and regarded that binding position as decisive of the issue. On that basis, the payments were allowed as deductions and the question was answered in favour of the assessee. Case-Laws Income Tax Tue, 04 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5612