1995 (3) TMI 40 - HC - Income Tax

Summary

The High Court of Madras directed the Tribunal to refer a question of law regarding the treatment of bank guarantee commission as part of the cost of capital assets for the opinion of the court under the Income-tax Act, 1961. This decision was made in response to a tax case petition. The court's decision was based on a previous Supreme Court ruling and the grant of special leave in a similar case. The tax case petition was ordered accordingly.