https://www.taxtmi.com/caselaws?id=751463 ITAT Ahmedabad allowed the assessee's appeal regarding disallowance of job work charges paid to sister concern under section 40A(2). The tribunal held that lower authorities failed to conduct comparative study with third parties, making the disallowance unsustainable. Additionally, adhoc disallowance of Rs. 2 per kg for job work was deleted as the AO lacked proper evidence and relied on misconceptions. However, the ground regarding duty drawback incentive was dismissed as the assessee was not aggrieved and CIT(A) had already provided relief. en-us Fri, 05 Apr 2024 00:00:00 +0530 Wed, 17 Apr 2024 08:29:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751463 ITAT Ahmedabad allowed the assessee's appeal regarding disallowance of job work charges paid to sister concern under section 40A(2). The tribunal held that lower authorities failed to conduct comparative study with third parties, making the disallowance unsustainable. Additionally, adhoc disallowance of Rs. 2 per kg for job work was deleted as the AO lacked proper evidence and relied on misconceptions. However, the ground regarding duty drawback incentive was dismissed as the assessee was not aggrieved and CIT(A) had already provided relief. Case-Laws Income Tax Fri, 05 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751463