Addition u/s 40(A) - service charges paid to division of the ...

Assessing Officer Cannot Apply Section 40A(2) Without Proof of Excessive Service Charges in Cost Reimbursement Case.

November 7, 2023

Case Laws Income Tax AT

Addition u/s 40(A) - service charges paid to division of the holding company - assessee has been able to demonstrate that the services were charged by SCS to the assessee only by way of reimbursement of costs and no excessive sum was charged to the assessee - AO cannot invoke Sec. 40A(2) without demonstrating excessive & unreasonable expenses. - AT

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Addition u/s 40(A) - service charges paid to division of the ...

Assessing Officer Cannot Apply Section 40A(2) Without Proof of Excessive Service Charges in Cost Reimbursement Case.

November 7, 2023

Case Laws Income Tax AT

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