Disallowance u/s 13(1)(c) can’t be made primarily that specified concerns earned higher profits.
March 16, 2026
High Courts, Income Tax
Mere higher profit margins would not make payments made by Trust as diversion of funds for the benefit of the specified persons for invocation of Section 13(1)(c) In a recent judgment Hon’ble High Court has held that mere existence of higher profit margins, in the absence of material …