https://www.taxtmi.com/caselaws?id=15395 The court ruled in favor of the assessee and against the Revenue on the issue of bank guarantee commission, holding that such expenditure is not deductible in the computation of total income. The court referred to Supreme Court decisions which influenced the outcome, implying an overruling of a previous decision. The references were disposed of with no order as to costs. en-us Wed, 24 Jun 1998 00:00:00 +0530 Thu, 06 Aug 2009 12:59:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15395 The court ruled in favor of the assessee and against the Revenue on the issue of bank guarantee commission, holding that such expenditure is not deductible in the computation of total income. The court referred to Supreme Court decisions which influenced the outcome, implying an overruling of a previous decision. The references were disposed of with no order as to costs. Case-Laws Income Tax Wed, 24 Jun 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15395