2014 (4) TMI 1158 - SCH - Income Tax

Payment to specified persons u/s 40A(2)(b) - addition on excessive or unreasonable expenditure - Held that - The special leave petitions are dismissed. HC order confirmed 2011 (4) TMI 118 - DELHI HIGH COURT as assessee had shown that the purchase price had been more or less the same in dollar terms in this and earlier years - By placing this material on record, the assessee had discharged initial onus cast upon it. - Decided in the favour of the assessee