https://www.taxtmi.com/caselaws?id=178762 The Tribunal allowed the assessee's appeal regarding disallowance of common facilities charges, royalty payments, and travelling expenses. The disallowance of professional and consultancy charges was remitted back to the AO for further assessment due to lack of specific details. The Tribunal stressed the necessity of determining fair market value for disallowances under section 40A(2)(b). The AO's appeal was partly allowed for statistical purposes. en-us Fri, 29 Oct 2010 00:00:00 +0530 Mon, 21 Aug 2023 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178762 The Tribunal allowed the assessee's appeal regarding disallowance of common facilities charges, royalty payments, and travelling expenses. The disallowance of professional and consultancy charges was remitted back to the AO for further assessment due to lack of specific details. The Tribunal stressed the necessity of determining fair market value for disallowances under section 40A(2)(b). The AO's appeal was partly allowed for statistical purposes. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178762