https://www.taxtmi.com/highlights?id=55693 Excess rent paid to the related party - Disallowance invoking the provision of section 40A(2)(b) - Since this definition provided u/s 56(2) is only for the said clause of section 56(2) therefore, the same cannot be applied in respect of provisions of section 40A(2) when a general definition of term “relative” is provided u/s 2(41) of the Act. - AT en-us Mon, 30 Nov 2020 11:16:02 +0530 Mon, 30 Nov 2020 11:16:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55693 Excess rent paid to the related party - Disallowance invoking the provision of section 40A(2)(b) - Since this definition provided u/s 56(2) is only for the said clause of section 56(2) therefore, the same cannot be applied in respect of provisions of section 40A(2) when a general definition of term “relative” is provided u/s 2(41) of the Act. - AT Highlights Income Tax Mon, 30 Nov 2020 11:16:02 +0530 https://www.taxtmi.com/highlights?id=55693