HC upheld disallowance of 80% of exp. paid to holding co. under sec. 40A(2) as it failed to furnish

IT : Where assessee-company paid certain amount to its holding company towards services rendered by it and claimed deduction of same, since assessee had not furnished calculation and other material in terms of section 40A(2), disallowance of 80 per cent of expenditure under section 40A(2) was justified