Friday, 31 October 2014

ITAT deletes disallowance as AO failed to prove that payments were made to related parties and they

IT: Where Assessing Officer had failed to prove that concerns were related parties as defined under section 40A(2)(b) and, payments were excessive, there was no case for making disallowance of 'agents incentive' paid by assessee to two concerns by invoking provisions of section 40A(2)(a)


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