https://www.taxtmi.com/caselaws?id=385496 The Court dismissed the appeals, affirming the Income Tax Appellate Tribunal's decision to partially disallow the expenditure claimed by the assessee for assessment years 2008-09 and 2009-10 under Section 40A(2)(a) of the Income Tax Act, 1961. The Tribunal upheld the disallowance of 20% of the claimed expenditure, emphasizing that the payments made to relatives of the partners of the firm were rightly disallowed due to the relationship between the sub-contractors and the partners. The Court concluded that the disallowance under Section 40A(2)(a) was justified, ruling in favor of the Revenue. en-us Tue, 03 Sep 2019 00:00:00 +0530 Thu, 05 Sep 2019 16:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385496 The Court dismissed the appeals, affirming the Income Tax Appellate Tribunal's decision to partially disallow the expenditure claimed by the assessee for assessment years 2008-09 and 2009-10 under Section 40A(2)(a) of the Income Tax Act, 1961. The Tribunal upheld the disallowance of 20% of the claimed expenditure, emphasizing that the payments made to relatives of the partners of the firm were rightly disallowed due to the relationship between the sub-contractors and the partners. The Court concluded that the disallowance under Section 40A(2)(a) was justified, ruling in favor of the Revenue. Case-Laws Income Tax Tue, 03 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385496