Disallowance u/s 40A(2)(b) can not be made without enquiry in respect of the fair market value of the services

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 be...