https://www.taxtmi.com/caselaws?id=12036 The court ruled in favor of the assessee regarding the deduction of bank guarantee commission as revenue expenditure. The court upheld the deduction of bonus paid in excess of the limit specified in Section 36(1)(ii). However, the court ruled in favor of the Revenue regarding the deduction of commission paid to Tara Agencies and Bhansali Brothers. The case outcome varied for different assessment years, with some questions being remanded to the Tribunal for further examination. en-us Tue, 03 Sep 2002 00:00:00 +0530 Mon, 15 Feb 2010 16:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12036 The court ruled in favor of the assessee regarding the deduction of bank guarantee commission as revenue expenditure. The court upheld the deduction of bonus paid in excess of the limit specified in Section 36(1)(ii). However, the court ruled in favor of the Revenue regarding the deduction of commission paid to Tara Agencies and Bhansali Brothers. The case outcome varied for different assessment years, with some questions being remanded to the Tribunal for further examination. Case-Laws Income Tax Tue, 03 Sep 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12036