https://www.taxtmi.com/caselaws?id=430780 The Tribunal dismissed both appeals of the Revenue, confirming that the disallowances made by the Assessing Officer (A.O.) under Section 40A(2)(b) of the Income Tax Act for A.Y. 2013-14 and A.Y. 2014-15 were unjustified. The A.O. had not provided sufficient evidence to support the disallowances of management fees paid to ATS Infrastructure Limited, and the Tribunal upheld the CIT(A)'s decisions to delete the disallowances. The Tribunal emphasized the need for fair and reasonable judgment by the A.O. and highlighted the lack of material evidence to justify the disallowances. en-us Thu, 24 Nov 2022 00:00:00 +0530 Sat, 26 Nov 2022 10:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430780 The Tribunal dismissed both appeals of the Revenue, confirming that the disallowances made by the Assessing Officer (A.O.) under Section 40A(2)(b) of the Income Tax Act for A.Y. 2013-14 and A.Y. 2014-15 were unjustified. The A.O. had not provided sufficient evidence to support the disallowances of management fees paid to ATS Infrastructure Limited, and the Tribunal upheld the CIT(A)'s decisions to delete the disallowances. The Tribunal emphasized the need for fair and reasonable judgment by the A.O. and highlighted the lack of material evidence to justify the disallowances. Case-Laws Income Tax Thu, 24 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430780