M.S. Hostel v. Dy.CIT (2024) 230 TTJ 575 / 38 NYPTTJ 392/ 167 taxmann.com 735 (Ahd) (Trib)

S. 40A(2): Expenses or payments not deductible-Excessive or unreasonable-Relative of partner-Service rendered is not doubted-No disallowance cannot be made.[S. 37(1)]

Held that the service rendered is not doubted and   the salary was paid as per the present market rate. Disallowance is deleted.  (AY. 2015-16)

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