https://www.taxtmi.com/caselaws?id=470479 Disallowance of related-party purchases under section 40A(2)(b) cannot rest on Form 3CD reporting for a different assessment year. The notes state that the relevant assessment year had no tax audit or Form 3CD, while the assessing authority relied on a tax-audit report relating to the preceding financial year. As the Revenue did not rebut this mismatch, the disallowance lacked a factual basis and was deleted. en-us Fri, 21 Mar 2025 00:00:00 +0530 Tue, 28 Jul 2026 19:00:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470479 Disallowance of related-party purchases under section 40A(2)(b) cannot rest on Form 3CD reporting for a different assessment year. The notes state that the relevant assessment year had no tax audit or Form 3CD, while the assessing authority relied on a tax-audit report relating to the preceding financial year. As the Revenue did not rebut this mismatch, the disallowance lacked a factual basis and was deleted. Case-Laws Income Tax Fri, 21 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470479