https://www.taxtmi.com/caselaws?id=770900 ITAT Cochin dismissed appeal regarding disallowance of guarantee commission paid to Kerala State Government under section 40(a)(iib), following SC precedent in Kerala State Beverages Corporation case. Court held guarantee commission falls within "any other fee" provisions requiring disallowance when paid by state undertaking to state government. However, tribunal remanded bad debt provision disallowance issue to AO for fresh consideration under Vijaya Bank SC precedent, noting CIT(A) incorrectly mixed up different deduction provisions under sections 36(1)(vii) and 36(1)(viia). Appeal partly allowed for statistical purposes. en-us Wed, 14 May 2025 00:00:00 +0530 Sat, 17 May 2025 08:39:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770900 ITAT Cochin dismissed appeal regarding disallowance of guarantee commission paid to Kerala State Government under section 40(a)(iib), following SC precedent in Kerala State Beverages Corporation case. Court held guarantee commission falls within "any other fee" provisions requiring disallowance when paid by state undertaking to state government. However, tribunal remanded bad debt provision disallowance issue to AO for fresh consideration under Vijaya Bank SC precedent, noting CIT(A) incorrectly mixed up different deduction provisions under sections 36(1)(vii) and 36(1)(viia). Appeal partly allowed for statistical purposes. Case-Laws Income Tax Wed, 14 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770900