Wednesday, April 3, 2019

No SLP against HC's ruling deleting sec. 40A(2) disallowance if impugned payment was accepted in previous years

IT: Where High Court upheld Tribunal's order deleting disallowance made by AO under section 40A(2) holding that once remuneration paid by assessee-company to its directors in preceding year was accepted by revenue, Assessing Officer was not justified in considering and comparing renumeration paid in assessment year 2004-05, SLP filed against said decision of High Court was to be dismissed

from www.taxmann.com Latest Case Laws https://ift.tt/2uEVVqM

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