Court Rules Disallowance u/s 40A(2)(b) Unjustified; Relationships Alone Insufficient for Payment Rejection Without Evidence.

Disallowance u/s 40A(2)(b) - AO was not justified in adopting disallowance to the extent of 10% payment under Section 40A(2)(b) of the Act solely on the ground that the company to whom the payment was made, was run by the wife of the Director of the assessee company - HC .....

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