[aaykarbhavan] Payment to sister concern couldn't be disallowed on whims of AO that it was unreasonable and excessive

Payment to sister concern couldn't be disallowed on whims of AO that it was unreasonable and excessive

April 14, 2014[2014] 43 taxmann.com 291 (Gujarat)

IT: Where there was no material before Assessing Officer such as comparable rates etc. to come to conclusion that excessive payment was made to sister concern which warranted disallowance/ad hoc disallowance; deduction was to be allowed

 

Regards

Prarthana Jalan

__._,_.___

receive alert on mobile, subscribe to SMS Channel named "aaykarbhavan"
[COST FREE]
SEND "on aaykarbhavan" TO 9870807070 FROM YOUR MOBILE.

To receive the mails from this group send message to aaykarbhavan-subscribe@yahoogroups.com

Visit Your Group

• New Members 3

• Privacy • Unsubscribe • Terms of Use