4 results for “disallowance”+ Section 150clear
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In the result, both the appeals of the assessee are allowed and that of the Stay Applications are dismissed
Bench: Sh. Saktijit Deydr. B. R. R. Kumar
disallowing deduction u/s 80IC/Chapter VI-A of the Act. 4. On the facts and circumstances of the case and in law, the Ld. AO/DRP have failed to appreciate that to invoke the provisions of Section 92BA, existence of any 'arrangement' to ‘more than ordinary profits’ between the Appellant and its Associate Enterprise (“AE”) need to be established under the provisions