https://www.taxtmi.com/caselaws?id=331221 The Tribunal allowed the appeals, deleting the disallowances made under Section 40A(2)(b) of the Income Tax Act. It held that the assessee had demonstrated that the payments were at arm's length and not excessive or unreasonable. The Tribunal emphasized that the disallowances were arbitrary and lacked a factual basis, and there was no evidence of tax evasion to warrant the invocation of Section 40A(1). en-us Wed, 29 Jun 2016 00:00:00 +0530 Wed, 17 Aug 2016 09:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331221 The Tribunal allowed the appeals, deleting the disallowances made under Section 40A(2)(b) of the Income Tax Act. It held that the assessee had demonstrated that the payments were at arm's length and not excessive or unreasonable. The Tribunal emphasized that the disallowances were arbitrary and lacked a factual basis, and there was no evidence of tax evasion to warrant the invocation of Section 40A(1). Case-Laws Income Tax Wed, 29 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331221