https://www.taxtmi.com/caselaws?id=365187 The ITAT partly allowed the assessee's appeal, permitting the bank guarantee commission as business expenditure based on the preponderance of probabilities and entries in the assessee's books. The issue of legal charges was remitted for verification, with additional grounds allowed for statistical purposes. The adhoc disallowance of expenses was rejected as the assessee did not press these grounds. en-us Thu, 09 Aug 2018 00:00:00 +0530 Sat, 11 Aug 2018 08:36:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365187 The ITAT partly allowed the assessee's appeal, permitting the bank guarantee commission as business expenditure based on the preponderance of probabilities and entries in the assessee's books. The issue of legal charges was remitted for verification, with additional grounds allowed for statistical purposes. The adhoc disallowance of expenses was rejected as the assessee did not press these grounds. Case-Laws Income Tax Thu, 09 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365187