https://www.taxtmi.com/caselaws?id=213759 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of service fees and sales commission paid to an associate entity under section 40A(2) of the Income-tax Act. The Tribunal emphasized assessing the reasonableness of payments based on fair market value and benefits received, considering the legitimate business needs. Relying on evidence of services rendered, agreements, and positive income of the associate entity, the Tribunal dismissed the Revenue's appeal, affirming the decision in favor of the assessee. en-us Fri, 04 May 2012 00:00:00 +0530 Mon, 04 Jun 2012 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=213759 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of service fees and sales commission paid to an associate entity under section 40A(2) of the Income-tax Act. The Tribunal emphasized assessing the reasonableness of payments based on fair market value and benefits received, considering the legitimate business needs. Relying on evidence of services rendered, agreements, and positive income of the associate entity, the Tribunal dismissed the Revenue's appeal, affirming the decision in favor of the assessee. Case-Laws Income Tax Fri, 04 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=213759