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Dispute Over Excess Rent Disallowance Involving Related Parties u/s 40A(2)(b) of Income Tax Act Hinges on "Relative" Definition.
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....Excess rent paid to the related party - Disallowance invoking the provision of section 40A(2)(b) - Since this definition provided u/s 56(2) is only for the said clause of section 56(2) therefore, the same cannot be applied in respect of provisions of section 40A(2) when a general definition of term “relative” is provided u/s 2(41) of the Act. - AT....