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2001 (10) TMI 268 - AT - Income TaxExtract: .......uarantee commission are reasonable business expenditure of the assessee, allowable as deduction under the Income-tax Act. We accordingly uphold the disallowance of the assessee s claims for the guarantee commission for both these years, and reject the contentions of the assessee in these appeals. 17. In the result, assessee s appeals are dismissed.
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