https://www.taxtmi.com/highlights?id=52044 Nature of expenditure - claim of guarantee fees - The guarantee fees is directed to be allowed as revenue expenditure, subject to verification by the AO of the certificate filed during the appellate proceedings i.e. there was no capital work-in-progress in respect of loans on which guarantee fees was paid. - AT en-us Fri, 28 Feb 2020 12:00:45 +0530 Fri, 28 Feb 2020 12:00:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=52044 Nature of expenditure - claim of guarantee fees - The guarantee fees is directed to be allowed as revenue expenditure, subject to verification by the AO of the certificate filed during the appellate proceedings i.e. there was no capital work-in-progress in respect of loans on which guarantee fees was paid. - AT Highlights Income Tax Fri, 28 Feb 2020 12:00:45 +0530 https://www.taxtmi.com/highlights?id=52044