https://www.taxtmi.com/caselaws?id=466459 Disallowance of payments to an associate was contested on basis that facility and support costs were allocated by area and headcount and professional indemnity and fees were allocated by revenue and specific service usage; because the assessing officer did not point to any specific defect and related parties were taxed at the same rate, the estimated 10% addition was held unjustified. Challenge to reversal of unbilled revenue rested on mercantile revenue recognition and the assessee's accounting records showing the amounts as income in the relevant year; absent demonstration of omission or suppression, the disallowance of the reversal was held unjustified. en-us Thu, 13 Feb 2025 00:00:00 +0530 Mon, 09 Feb 2026 21:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=466459 Disallowance of payments to an associate was contested on basis that facility and support costs were allocated by area and headcount and professional indemnity and fees were allocated by revenue and specific service usage; because the assessing officer did not point to any specific defect and related parties were taxed at the same rate, the estimated 10% addition was held unjustified. Challenge to reversal of unbilled revenue rested on mercantile revenue recognition and the assessee's accounting records showing the amounts as income in the relevant year; absent demonstration of omission or suppression, the disallowance of the reversal was held unjustified. Case-Laws Income Tax Thu, 13 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=466459