https://www.taxtmi.com/caselaws?id=204420 The ITAT partly allowed the appeal, providing relief to the assessee. The disallowance under section 40A(2)(b) for payment to an associate concern was deleted as the market value of services was not less than the amount paid. Regarding the disallowance of amounts due from employees and sundry balances written off, the ITAT remitted the matters back to the CIT(A) for fresh adjudication, considering new evidence and providing an opportunity for the assessee to explain the commercial justifications. The importance of proper justification and evidence in such cases was emphasized for a fair adjudication process. en-us Thu, 30 Sep 2010 00:00:00 +0530 Thu, 05 May 2011 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204420 The ITAT partly allowed the appeal, providing relief to the assessee. The disallowance under section 40A(2)(b) for payment to an associate concern was deleted as the market value of services was not less than the amount paid. Regarding the disallowance of amounts due from employees and sundry balances written off, the ITAT remitted the matters back to the CIT(A) for fresh adjudication, considering new evidence and providing an opportunity for the assessee to explain the commercial justifications. The importance of proper justification and evidence in such cases was emphasized for a fair adjudication process. Case-Laws Income Tax Thu, 30 Sep 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204420