Daily digest for Gupta Chandan & Associates, on February 20, 2021

posted: "INCOME TAX : When Revenue authorities had not conducted any enquiry to ascertain fair market rent of particular godowns/shop so as to hold payment of rent for godowns/shop excessive, no disallowance under section 40A(2) was warrantedINCOME TAX : When Reve" New post on Gupta Chandan & Associates No sec. 40A(2) disallowances on payment made to sister-in-law as she isn't relative as per sec. 2(41) : ITAT INCOME TAX : When Revenue authorities had not conducted any enquiry to ascertain fair market rent of particular godowns/shop so as to hold payment of rent for godowns/shop excessive, no disallowance under section 40A(2) was warrantedINCOME TAX : When Revenue authorities had not conducted any enquiry to ascertain fair market rent of particular godowns/shop so […] Read more of this post February 20, 2021 at 12:00 am | Categories: Latest Case Laws, News | URL: https://wp.me/pcenIR-115 Comment    See all comments Unsubscribe to no longer receive posts from Gupta Chandan & Associates. Change your email settings at Manage Subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://www.guptachandanassociates.com/news/no-sec-40a2-disallowances-on-payment-made-to-sister-in-law-as-she-isnt-relative-as-per-sec-241-itat/