https://www.taxtmi.com/caselaws?id=251977 The Karnataka High Court upheld the disallowance of a payment made to M/s. Akerrald Investments Ltd., ruling against the assessees due to the lack of nexus between the payment and consultancy services. The court also found the assessees liable to pay interest under Section 234-D, dismissing the related question of law. Consequently, the court dismissed the appeals, affirming the decisions of the lower authorities and ruling in favor of the revenue. en-us Tue, 19 Aug 2014 00:00:00 +0530 Mon, 04 May 2015 10:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251977 The Karnataka High Court upheld the disallowance of a payment made to M/s. Akerrald Investments Ltd., ruling against the assessees due to the lack of nexus between the payment and consultancy services. The court also found the assessees liable to pay interest under Section 234-D, dismissing the related question of law. Consequently, the court dismissed the appeals, affirming the decisions of the lower authorities and ruling in favor of the revenue. Case-Laws Income Tax Tue, 19 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251977