Disallowance u/s 40(A)(2)(b) – Onus is on Assessing Officer to made comparable study In a recent judgment, ITAT has deleted…
Disallowance u/s 40A(2)(b) AO has to form opinion if expenses more than FMV according to legitimate needs of business. ABCAUS…
MCA amends rules for related party transactions by companies requiring special resolution- Read Notification Rule 15 of the Companies (Meetings…
Disallowance u/s 40A(2)(b) merely for common Directors not sustainable. Invoking the section necessarily implies that such expenses are otherwise allowable…
Related Party Transactions special resolution requirement revised. Proviso to section 188(1) enlarged making it 10% or more. MCA Notification Section…