No Section 40A(2)(a) addition if AO fails to show comparable: ITAT Delhi

Ikea Trading (India) Private Limited Vs DCIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT) Delhi has ruled largely in favor of IKEA Trading (India) Private Limited, dismissing appeals by the Deputy Commissioner of Income Tax (DCIT) and upholding most of the company’s contentions regarding disallowances for the assessment year 2004-05. The cross-appeals, ITA No. 5568/Del/2011 filed by IKEA and ITA No. 5877/Del/2011 by the Revenue, addressed three primary areas of dispute: unconfirmed sundry creditors, unverified duty drawback reimbursements, and allegedly excessive director salaries. ...