https://www.taxtmi.com/caselaws?id=377145 The High Court upheld the disallowance of advisory fees paid to a sister concern by an Assessee Company under Section 40A(2)(b)(v). The lack of evidence to establish services rendered by the sister concern was crucial, with oral provision of services without proper documentation deemed insufficient. The Court emphasized the importance of assessing the right person for disallowance and reinstated the Assessing Officer's decision, highlighting the need for proper documentation and substantiation of services in such transactions. The appeal was dismissed, with the Court emphasizing the importance of maintaining records to support payments made. en-us Fri, 08 Mar 2019 00:00:00 +0530 Sat, 23 Mar 2019 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377145 The High Court upheld the disallowance of advisory fees paid to a sister concern by an Assessee Company under Section 40A(2)(b)(v). The lack of evidence to establish services rendered by the sister concern was crucial, with oral provision of services without proper documentation deemed insufficient. The Court emphasized the importance of assessing the right person for disallowance and reinstated the Assessing Officer's decision, highlighting the need for proper documentation and substantiation of services in such transactions. The appeal was dismissed, with the Court emphasizing the importance of maintaining records to support payments made. Case-Laws Income Tax Fri, 08 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377145