ITAT confirmed disallowance of business counseling charges as identity of payee companies weren’t proved

INCOME TAX : Where in course of reassessment proceedings, Assessing Officer disallowed business counseling charges paid to two companies, in view of fact that those companies were not traceable and their presence, infrastructure and nature of services rendered by them were also not proved at all, impugned disallowance was to be confirmed

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195335/itat-confirmed-disallowance-of-business-counseling-charges-as-identity-of-payee-companies-weren’t-proved.aspx