https://www.taxtmi.com/acts?id=11770 The provision disallows deductions for payments to an associated person when the Assessing Officer considers the expenditure excessive or unreasonable, whether capital or revenue, based on comparison with the fair market value of goods, services or facilities, the legitimate needs of the business, and the benefit derived or accruing to the person. en-us Fri, 17 Sep 2010 10:26:05 +0530 Fri, 17 Sep 2010 10:26:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11770 The provision disallows deductions for payments to an associated person when the Assessing Officer considers the expenditure excessive or unreasonable, whether capital or revenue, based on comparison with the fair market value of goods, services or facilities, the legitimate needs of the business, and the benefit derived or accruing to the person. Act-Rules Bills Fri, 17 Sep 2010 10:26:05 +0530 https://www.taxtmi.com/acts?id=11770