https://www.taxtmi.com/caselaws?id=179190 The ITAT dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of rent payment under section 40A(2)(b) as reasonable. The appellant's argument that the rent paid was at market rates and both parties were in the same tax bracket was accepted, indicating no tax avoidance motive. The ITAT found no scheme for tax avoidance and supported the deletion of the addition, emphasizing the reasonableness of the rent payment in the case. en-us Tue, 31 Jul 2012 00:00:00 +0530 Mon, 22 Feb 2016 17:43:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179190 The ITAT dismissed the Revenue's appeal and upheld the CIT(A)'s decision to delete the addition of rent payment under section 40A(2)(b) as reasonable. The appellant's argument that the rent paid was at market rates and both parties were in the same tax bracket was accepted, indicating no tax avoidance motive. The ITAT found no scheme for tax avoidance and supported the deletion of the addition, emphasizing the reasonableness of the rent payment in the case. Case-Laws Income Tax Tue, 31 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179190