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            Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.

            Provisions expressly mentioned in the judgment/order text.

            <h1>Related-party expenditure disallowance when payments exceed fair market value or lack genuine business need, with recipient tax consequences.</h1> Section 40A(2) permits disallowance of expenditure where payments to specified persons-including relatives, persons or entities with substantial interest, or related directors/partners-are found by the Assessing Officer to be excessive or unreasonable relative to fair market value, legitimate business needs, or benefits received. The provision applies only to expenditure (not sales); disallowed amounts are taxable in the recipient's hands. A proviso exempts specified domestic transactions at arm's length price under related transfer pricing rules for the relevant assessment period.

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