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Income Tax - Highlights / Catch Notes

Home Highlights June 2019 Year 2019 This

Addition u/s. 40A(2)(b) - payment made for getting sales lead ...

June 28, 2019

Case Laws     Income Tax     AT

Addition u/s. 40A(2)(b) - payment made for getting sales lead from related party - neither furnish details of such sales leads nor details of business actually generated through those leads - onus was on the assessee to prove that these reimbursement of expenses to related party were wholly and exclusively incurred for the purposes of business, which he failed to discharge - addition confirmed

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