Section 40A(2)(b) Requires Detailed Review for Payments to Related Entities, Not Just Automatic Application Under Income Tax Act.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....Provisions of section 40A(2)(b) couldn't be invoked mechanically and simply for the reason that the payment was made to a group concern....