Identity of payee Co. can’t be proved just by submitting affidavit signed by its directors to justify expenses

INCOME TAX : Where in course of reassessment proceedings, Assessing Officer disallowed business counseling charges paid to two companies, in view of fact that those companies were not traceable and their presence, infrastructure and nature of services rendered by them were also not proved at all, impugned disallowance was to be confirmedINCOME TAX : Where in course of reassessment proceedings, Assessing Officer disallowed business counseling charges paid to two companies, in view of fact that those companies were not traceable and their presence, infrastructure and nature of services rendered by them were also not proved at all, impugned disallowance was to be confirmedwww.taxmann.com Latest Case LawsRead More

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