Disallowance of Development/improvement expenses - payment to ...

Court Directs Disallowance of 50% of Development Expenses Due to Lack of Evidence in Related Party Transactions.

May 19, 2022

Case Laws Income Tax AT

Disallowance of Development/improvement expenses - payment to related parties - Considering the fact that neither the assessee could substantiate with documentary evidence about the genuineness of expenses nor the Assessing Officer brought comparable instances for similar improvement expenses on record, therefore, the order of ld. CIT(A) is modified and A.O. is directed to disallow 50% of improvement expenses out of total improvement expenses. - AT

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Disallowance of Development/improvement expenses - payment to ...

Court Directs Disallowance of 50% of Development Expenses Due to Lack of Evidence in Related Party Transactions.

May 19, 2022

Case Laws Income Tax AT

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