https://www.taxtmi.com/highlights?id=48196 Disallowance u/s 40(a)(ia) - payment of pigmy commission had direct nexus with the business income of the assessee on which deduction u/s 80P(2)(a)(i) was claimed - If the disallowance u/s.40(a)(i) results in increase in income which would otherwise go to enhance the income on which the Assessee is eligible for deduction, then the CBDT Circular would be applicable and deduction will be allowable en-us Thu, 25 Jul 2019 08:51:34 +0530 Thu, 25 Jul 2019 08:51:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=48196 Disallowance u/s 40(a)(ia) - payment of pigmy commission had direct nexus with the business income of the assessee on which deduction u/s 80P(2)(a)(i) was claimed - If the disallowance u/s.40(a)(i) results in increase in income which would otherwise go to enhance the income on which the Assessee is eligible for deduction, then the CBDT Circular would be applicable and deduction will be allowable Highlights Income Tax Thu, 25 Jul 2019 08:51:34 +0530 https://www.taxtmi.com/highlights?id=48196