https://www.taxtmi.com/caselaws?id=461976 ITAT Mumbai ruled in favor of the assessee regarding disallowance of 20% management fees. The AO made additions on ad hoc basis without questioning books of account or examining services rendered by group company under corporate services agreement at 1.5% of sales. The assessee provided detailed documentation of management services, invoices, and ledger accounts. The AO's estimation-based addition was deemed unsustainable as revenue authorities cannot substitute businessman's judgment regarding business operations. en-us Fri, 19 May 2023 00:00:00 +0530 Sun, 11 May 2025 10:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461976 ITAT Mumbai ruled in favor of the assessee regarding disallowance of 20% management fees. The AO made additions on ad hoc basis without questioning books of account or examining services rendered by group company under corporate services agreement at 1.5% of sales. The assessee provided detailed documentation of management services, invoices, and ledger accounts. The AO's estimation-based addition was deemed unsustainable as revenue authorities cannot substitute businessman's judgment regarding business operations. Case-Laws Income Tax Fri, 19 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461976