https://www.taxtmi.com/caselaws?id=11799 The court allowed the deduction under section 35B for guarantee commission and commission to Tata Exports but denied it for proportionate administrative expenses. The deletion of addition under section 37(2A) for entertainment expenditure was upheld in favor of the assessee. The taxability of excess sugar price collected over the government-fixed price was ruled in favor of the assessee, based on the disputed right to receive payment. The reference was partly allowed with no order as to costs. en-us Thu, 06 Feb 2003 00:00:00 +0530 Tue, 09 Feb 2010 11:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11799 The court allowed the deduction under section 35B for guarantee commission and commission to Tata Exports but denied it for proportionate administrative expenses. The deletion of addition under section 37(2A) for entertainment expenditure was upheld in favor of the assessee. The taxability of excess sugar price collected over the government-fixed price was ruled in favor of the assessee, based on the disputed right to receive payment. The reference was partly allowed with no order as to costs. Case-Laws Income Tax Thu, 06 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11799