Section 40A(2)(b) disallowance without proving that payments are over & above market rates are not valid

DCIT Vs M/s Interarch Building Products (P) Ltd. (ITAT Delhi)

The relevant part of the order of the ld. CIT (A) on this issue pertaining to payments made to Mr . Arvind Nanda, with regard to the vehicle purchase, payment made to M/s Intertec on account of job work and the rental payments has been examined. For the sake of ready reference, the relevant part of the order is reproduced as under:

“6.4 Regarding Ground No. 3 of the appeal relating to disallowance under

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