Loan processing fees allowable as expenditure in income tax

WHETHER THE LOAN PROCESSING FEE ALLOW OR NOT AS EXPENDITURE IN INCOME TAX IF LOAN APPLICATION REJECTED BY BANK (HERE BANK IS PRIVATE FINANCER) DUE TO NON SATISFIED NORMS AND SUCH PROCESSING FEES NOT REFUNDABLE AS PER BANK TERM CONDITION. HERE ASSESSE HAS PROPRIETORSHIP BUSINESS, PLZ CLARIFY THIS SITUATION