https://www.taxtmi.com/caselaws?id=16692 The High Court of Delhi addressed two Income Tax References involving guarantee commission payments to directors. In one case, the deduction for guarantee commission was disallowed as the director did not provide services warranting the payment. In the other case, the commission was allowed as it was deemed for business purposes. The court emphasized the finality of Tribunal findings unless unsupported by evidence, highlighted factual considerations in assessing expenditure legitimacy, and stressed the need for case-specific evaluations by Assessing Officers rather than blanket disallowances based on general practices. en-us Fri, 05 Sep 1997 00:00:00 +0530 Wed, 09 Sep 2009 15:05:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16692 The High Court of Delhi addressed two Income Tax References involving guarantee commission payments to directors. In one case, the deduction for guarantee commission was disallowed as the director did not provide services warranting the payment. In the other case, the commission was allowed as it was deemed for business purposes. The court emphasized the finality of Tribunal findings unless unsupported by evidence, highlighted factual considerations in assessing expenditure legitimacy, and stressed the need for case-specific evaluations by Assessing Officers rather than blanket disallowances based on general practices. Case-Laws Income Tax Fri, 05 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16692