Disallowance of referral fees paid - The payment was at arm’s ...

Assessing Officer's Role in Evaluating Referral Fees u/s 37: Genuine Services Must Be Verified, Not Reassessed by Percentage.

May 28, 2014

Case Laws Income Tax HC

Disallowance of referral fees paid - The payment was at arm’s length, AO cannot reassess that issue or draw adverse conclusions from the percentage value of the referral fees - AO can in his assessment u/s 37 decide whether work or services were actually rendered as claimed by the assessee - HC

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Disallowance of referral fees paid - The payment was at arm’s ...

Assessing Officer's Role in Evaluating Referral Fees u/s 37: Genuine Services Must Be Verified, Not Reassessed by Percentage.

May 28, 2014

Case Laws Income Tax HC

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