https://www.taxtmi.com/caselaws?id=33178 The court upheld the disallowances under Sections 40A(2) and 40A(12) of the Income Tax Act against the appellant, a partnership firm engaged in manufacturing, regarding payments made to M/s. Corona Machine Works and M/s. P.K. Gujarati & Co., respectively. The court found that the Assessing Officer correctly disallowed the payments due to excessive nature of expenditure and the services falling within the purview of the respective sections. The appellant's appeal was dismissed with no costs awarded. en-us Wed, 04 Mar 2009 00:00:00 +0530 Sat, 11 Jul 2009 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=33178 The court upheld the disallowances under Sections 40A(2) and 40A(12) of the Income Tax Act against the appellant, a partnership firm engaged in manufacturing, regarding payments made to M/s. Corona Machine Works and M/s. P.K. Gujarati & Co., respectively. The court found that the Assessing Officer correctly disallowed the payments due to excessive nature of expenditure and the services falling within the purview of the respective sections. The appellant's appeal was dismissed with no costs awarded. Case-Laws Income Tax Wed, 04 Mar 2009 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=33178