https://www.taxtmi.com/caselaws?id=14286 Commitment charges paid to financial institutions were deductible as revenue expenditure because borrowing was incidental to business and the payment secured temporary use of funds without creating an enduring asset; the deduction was allowed. Excess gratuity paid to monthly wage earners beyond the Gratuity Act limits was also deductible where it was treated as expenditure under company rules and had been accepted in earlier years; the deduction was allowed. No substantial question of law arose, and the revenue appeal failed in full. en-us Mon, 21 Feb 2000 00:00:00 +0530 Wed, 15 Jul 2009 10:32:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14286 Commitment charges paid to financial institutions were deductible as revenue expenditure because borrowing was incidental to business and the payment secured temporary use of funds without creating an enduring asset; the deduction was allowed. Excess gratuity paid to monthly wage earners beyond the Gratuity Act limits was also deductible where it was treated as expenditure under company rules and had been accepted in earlier years; the deduction was allowed. No substantial question of law arose, and the revenue appeal failed in full. Case-Laws Income Tax Mon, 21 Feb 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14286