Bank guarantee commission is not an interest expense; no disallowance u/s 14A and Rule 8D(2)(ii) of IT Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Bank guarantee commission paid by the assessee is not in the nature of interest expenditure warranting disallowance u/s 14A r.w.r 8D(2)(ii). - AT....