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![Expenditure towards Payment of Guarantee Commission to Bank is Revenue Expenditure: Bombay HC [Read Order]](https://www.taxscan.in/wp-content/uploads/2017/07/Revenue-Expenditure-Bombay-HC-Taxscan.jpg "Expenditure towards Payment of Guarantee Commission to Bank is Revenue Expenditure: Bombay HC [Read Order]")
Expenditure towards Payment of Guarantee Commission to Bank is Revenue Expenditure: Bombay HC [Read Order]
The Bombay High Court in Bajaj Tempo Ltd. Pune v. CIT, held that the guarantee commission paid to the bankers for securing timely repayment of credit...