Section 40A(2)(a) of Income Tax Act Unjustly Invoked Without Evidence of Tax Avoidance Intent in Sister Concern Purchases.

Section 40A(2)(a) of Income Tax Act Unjustly Invoked Without Evidence of Tax Avoidance Intent in Sister Concern Purchases. https://www.taxtmi.com/highlights?id=4009 Purchases from sister concern - applicability of section 40(A)(2)(a) of the Act - The AO has not been able to bring any material on record to show as to how and in what manner the assessee intended to avoid payment of tax before invoking the provisions of Section 40A(2)(a) of the Act. - AT en-us Thu, 14 Jun 2012 14:00:14 +0530 Thu, 14 Jun 2012 14:00:14 +0530 TaxTMI RSS Generator Section 40A(2)(a) of Income Tax Act Unjustly Invoked Without Evidence of Tax Avoidance Intent in Sister Concern Purchases. https://www.taxtmi.com/highlights?id=4009 Purchases from sister concern - applicability of section 40(A)(2)(a) of the Act - The AO has not been able to bring any material on record to show as to how and in what manner the assessee intended to avoid payment of tax before invoking the provisions of Section 40A(2)(a) of the Act. - AT Highlights Income Tax Thu, 14 Jun 2012 14:00:14 +0530 https://www.taxtmi.com/highlights?id=4009