https://www.taxtmi.com/caselaws?id=272985 The Tribunal dismissed the Revenue's appeal against the CIT (A) order for the assessment year 2006-07 regarding the deletion of addition under section 40A(2)(b) of the Act. The Tribunal found that the Assessing Officer did not compare the payments with market rates and made an adhoc disallowance. Relying on precedent, the Tribunal held that no case for disallowance under section 40A(2)(b) was established. Consequently, the Tribunal upheld the CIT (A) order, dismissing the Revenue's appeal. en-us Fri, 28 Dec 2012 00:00:00 +0530 Tue, 29 May 2018 16:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272985 The Tribunal dismissed the Revenue's appeal against the CIT (A) order for the assessment year 2006-07 regarding the deletion of addition under section 40A(2)(b) of the Act. The Tribunal found that the Assessing Officer did not compare the payments with market rates and made an adhoc disallowance. Relying on precedent, the Tribunal held that no case for disallowance under section 40A(2)(b) was established. Consequently, the Tribunal upheld the CIT (A) order, dismissing the Revenue's appeal. Case-Laws Income Tax Fri, 28 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272985