https://www.taxtmi.com/caselaws?id=13217 The High Court ruled in favor of the assessee in a case involving guarantee commission paid to the chairman/director, holding that it was not covered by section 40(c) of the Income-tax Act. The Court also allowed expenses related to a building used as residential accommodation, finding no legal errors in the Tribunal's orders. The appeals were dismissed, with the High Court supporting its decision with relevant legal precedents and factual findings. en-us Thu, 08 Jun 2006 00:00:00 +0530 Wed, 27 May 2009 13:07:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13217 The High Court ruled in favor of the assessee in a case involving guarantee commission paid to the chairman/director, holding that it was not covered by section 40(c) of the Income-tax Act. The Court also allowed expenses related to a building used as residential accommodation, finding no legal errors in the Tribunal's orders. The appeals were dismissed, with the High Court supporting its decision with relevant legal precedents and factual findings. Case-Laws Income Tax Thu, 08 Jun 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13217