Tuesday, December 3, 2019

HC upheld disallowance as firm couldn't justify payment to sub-contractors who were relatives of partners

INCOME TAX: Where assessee-firm could not justified payment to sub-contractors who were relatives of partners and who didn't have means to incur expenses for assessee's work contract, a part of expenditure was justifiably disallowed by Tribunal under section 40A(2)

from www.taxmann.com Latest Case Laws https://ift.tt/2r7BKDK
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