ITAT deletes disallowance of deduction claimed on account of payment of guarantee commission to Associate Enterprise [Read Order]

ITAT - disallowance – deduction - claimed - account - payment - guarantee - commission - Associate – Enterprise - TAXSCAN

The Delhi Bench of the Income Tax Appellate Tribunal (ITAT) has  deleted the disallowance of deduction claimed on account of payment of guarantee commission to associate enterprise. The assessee,  Lease Plan India P. Ltd is a resident corporate entity engaged in the business of leasing of motor vehicles, financial services and fleet management. During the…

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