Held, that the assessee had taken on rent the premises for its business need and all its commercial activities were carried out from that rental premises. Hence, the disallowance made by the Assessing Officer had been rightly reversed by the CIT (A).(AY. 2009-10, 2011-12)
ACIT v. Rohit and Co. (2022)97 ITR 223 (Kol) (Trib)
S. 40A(2) : Expenses or payments not deductible-Excessive or unreasonable-Rent to partners-Business activities carried out from the said premises-Order of CIT(A) deleting the addition was affirmed. [S. 37(1), 40A(2)(b)]