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Income Tax - Highlights / Catch Notes

Home Highlights December 2021 Year 2021 This

Payment to related person u/s 40A - Addition on account of ...


Taxpayer's Payment to Asset Management Firm Not Subject to Related Person Rules u/s 40A(2.

December 11, 2021

Case Laws     Income Tax     AT

Payment to related person u/s 40A - Addition on account of payment made by the assessee to quantum asset management company by way of research fee - A subsidiary company of the assessee is not a related person within the meaning of section 40A (2), the provisions of section 40A(2) do not attract in the present case - AT

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