https://www.taxtmi.com/highlights?id=60458 Bogus deduction u/s. 35(1)(ii) - party to whom payment made has been made found to be bogus entity - The payee was duly approved when the payment was done. By no stretch of imagination it can be said that the assessee could have done the impossible and known that subsequently the approval will be withdrawn. Accordingly,we set aside the order of authorities below. The assessee is therefore held to be eligible for deduction under section 35(1)(ii) - AT en-us Thu, 11 Nov 2021 10:40:36 +0530 Thu, 11 Nov 2021 10:40:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60458 Bogus deduction u/s. 35(1)(ii) - party to whom payment made has been made found to be bogus entity - The payee was duly approved when the payment was done. By no stretch of imagination it can be said that the assessee could have done the impossible and known that subsequently the approval will be withdrawn. Accordingly,we set aside the order of authorities below. The assessee is therefore held to be eligible for deduction under section 35(1)(ii) - AT Highlights Income Tax Thu, 11 Nov 2021 10:40:36 +0530 https://www.taxtmi.com/highlights?id=60458