https://www.taxtmi.com/caselaws?id=419426 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the deletion of Rs. 3,04,63,030/- as business expenditure under section 37 and sustain the disallowance of Rs. 20,38,461/- under section 40A(2)(b). The Tribunal found that the Revenue did not clearly challenge the application of section 40A(2)(b) and that the AO failed to substantiate the unreasonableness of the payments. The appeal by the Revenue was ultimately dismissed. en-us Tue, 22 Feb 2022 00:00:00 +0530 Fri, 11 Mar 2022 07:59:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419426 The Tribunal dismissed the Revenue's appeal, upholding the CIT(A)'s decision to allow the deletion of Rs. 3,04,63,030/- as business expenditure under section 37 and sustain the disallowance of Rs. 20,38,461/- under section 40A(2)(b). The Tribunal found that the Revenue did not clearly challenge the application of section 40A(2)(b) and that the AO failed to substantiate the unreasonableness of the payments. The appeal by the Revenue was ultimately dismissed. Case-Laws Income Tax Tue, 22 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419426