TMI BlogNature of expenditure - claim of guarantee fees - The guarantee fees is directed to be allowed as...Nature of expenditure - claim of guarantee fees - The guarantee fees is directed to be allowed as revenue expenditure, subject to verification by the AO of the certificate filed during the appellate proceedings i.e. there was no capital work-in-progress in respect of loans on which guarantee fees was paid. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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