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Income Tax - Highlights / Catch Notes

Home Highlights May 2018 Year 2018 This

Addition u/s 40A(2)(b) - unbalanced payment to doctors - payment ...


Court Examines Section 40A(2)(b) on Fair Market Value for Doctors' Payments Under Income Tax Act.

May 30, 2018

Case Laws     Income Tax     AT

Addition u/s 40A(2)(b) - unbalanced payment to doctors - payment to specified persons - No finding by the AO about as to what constitutes fair market price of the services rendered by the promoter directors - Remuneration of doctors must depend on their market worth, and determination of such market worth is uninfluenced by what other professionals in their area of expertise earn - AT

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