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Disallowance u/s 40A(2)(b) can not be made without enquiry in respect of the fair market value of the services
Case Law Details
- Case Name
- DCIT Vs M.G.S. Hospitalities (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs M.G.S. Hospitalities (ITAT Delhi)- Section 40A(2)(b) – When assessee firm pays hefty salary to the father of a partner, it attracts provisions of Sec 40A(2)(b) but dis allowance can be made without verifying the market value of services provided by the partner’s father.
ITAT, Delhi
DCIT Versus M.G.S. Hospitalities
No. – ITA Nos. 2415 and 2416(Del)/2010
Dated- November 19, 2010
ORDER
These two appeals of the revenue raise a similar ground. In view thereof, the appeals were argued in a consolidated manner by the ld. DR. However, none appeared on behalf of the asses...
