Tag Archives: Section 40A(2)(b)

No disallowance for payment to related parties without demonstrating that payment made was excessive and unreasonable

By | March 4, 2020

Motilal Laxmichand Sanghavi Vs ACIT (ITAT Mumbai) IT Appeal Nos. 3110 to 3112 (Mum.) of 2018 26/07/2019 Related Assessment Year : 2012-13, 2013–14 & 2014–15 FULL TEXT OF THE ITAT JUDGEMENT Captioned appeals filed by the same assessee arise out of three separate orders, all dated 12th March 2018, of learned Commissioner of Income Tax (Appeals)–6, Mumbai,… Read More »