No sec. 40A(2) disallowances on payment made to sister-in-law as she isn’t relative as per sec. 2(41) : ITAT

INCOME TAX : When Revenue authorities had not conducted any enquiry to ascertain fair market rent of particular godowns/shop so as to hold payment of rent for godowns/shop excessive, no disallowance under section 40A(2) was warranted

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000197136/no-sec-40a2-disallowances-on-payment-made-to-sister-in-law-as-she-isn’t-relative-as-per-sec-241-itat.aspx