https://www.taxtmi.com/caselaws?id=416436 The Tribunal partially allowed the appeals for assessment years 2014-15 & 2015-16. It directed the deletion of disallowances for computer and equipment hire charges under section 40A(2)(b) of the Income Tax Act, as the rates paid were found to be reasonable compared to third-party providers. However, the disallowance of consultancy charges paid to a director was upheld due to insufficient evidence justifying the payments, despite a 50% relief granted by the CIT(A). en-us Fri, 26 Nov 2021 00:00:00 +0530 Wed, 29 Dec 2021 08:45:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=416436 The Tribunal partially allowed the appeals for assessment years 2014-15 & 2015-16. It directed the deletion of disallowances for computer and equipment hire charges under section 40A(2)(b) of the Income Tax Act, as the rates paid were found to be reasonable compared to third-party providers. However, the disallowance of consultancy charges paid to a director was upheld due to insufficient evidence justifying the payments, despite a 50% relief granted by the CIT(A). Case-Laws Income Tax Fri, 26 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=416436