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![‘Guarantee Commission’ to acquire the Asset is Revenue Expenditure, not Taxable: Punjab & Haryana HC [Read Judgment]](https://www.taxscan.in/wp-content/uploads/2016/06/Punjab-and-Haryana-High-Court-Tax-Scan.jpg "‘Guarantee Commission’ to acquire the Asset is Revenue Expenditure, not Taxable: Punjab & Haryana HC [Read Judgment]")
‘Guarantee Commission’ to acquire the Asset is Revenue Expenditure, not Taxable: Punjab & Haryana HC [Read Judgment]
In a recent decision, the division bench of the Punjab & Haryana High Court has held that the guarantee commission paid by the assessee for...
![Interest & Administrative Expenditures are Allowable as Deduction: ITAT Mumbai [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/Deduction-Section-37-Income-tax-Taxscan.jpg "Interest & Administrative Expenditures are Allowable as Deduction: ITAT Mumbai [Read Order]")
![Payment of demurrage & Penalty Charges are not Penal in nature, Deduction is Allowable: ITAT Kolkata [Read Order]](https://www.taxscan.in/wp-content/uploads/2016/09/ITAT-Ahmedabad.jpg "Payment of demurrage & Penalty Charges are not Penal in nature, Deduction is Allowable: ITAT Kolkata [Read Order]")