27 results for “disallowance”+ Section 40A(3)clear
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In the result, both these appeals of the assessee are allowed
Bench: Shri Vijay Pal Rao
disallowance of Rs.6,26,811/- on account of the excess rent paid to the related party by invoking the provision of section 40A(2)(b) of the of the Income Tax Act. The AO has compared the rent paid by the assessee in the preceding year and found that the rent paid by the assessee for the year under consideration