https://www.taxtmi.com/caselaws?id=407644 The appeal was allowed by the Tribunal on the issues of recalled matter due to ex-parte disposal and disallowance of payment to Related Parties u/s. 40(A)(2)(b). The Tribunal found in favor of the assessee, noting consistency in arrangements, acceptance of similar claims in previous assessments, and both parties being in the highest tax bracket. Consequently, the additions were deleted. Additionally, the disallowance of Gift Article Expenses was overturned based on supporting documentary evidence, leading to the allowance of this ground of appeal. The order was pronounced on 10th May 2021. en-us Mon, 10 May 2021 00:00:00 +0530 Mon, 17 May 2021 08:35:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=407644 The appeal was allowed by the Tribunal on the issues of recalled matter due to ex-parte disposal and disallowance of payment to Related Parties u/s. 40(A)(2)(b). The Tribunal found in favor of the assessee, noting consistency in arrangements, acceptance of similar claims in previous assessments, and both parties being in the highest tax bracket. Consequently, the additions were deleted. Additionally, the disallowance of Gift Article Expenses was overturned based on supporting documentary evidence, leading to the allowance of this ground of appeal. The order was pronounced on 10th May 2021. Case-Laws Income Tax Mon, 10 May 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=407644