{"id":2338,"date":"2018-09-12T07:13:21","date_gmt":"2018-09-12T07:13:21","guid":{"rendered":"http:\/\/itatonline.org\/digest\/nat-steel-equipment-p-ltd-v-dcit-2018-171-itd-482-mum-trib-2\/"},"modified":"2019-04-06T14:59:58","modified_gmt":"2019-04-06T14:59:58","slug":"nat-steel-equipment-p-ltd-v-dcit-2018-171-itd-482-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/nat-steel-equipment-p-ltd-v-dcit-2018-171-itd-482-mum-trib-2\/","title":{"rendered":"Nat Steel Equipment (P.) Ltd.  v. DCIT  (2018) 171 ITD 482\/ 171 DTR 49\/195 TTJ 796  (Mum)   (Trib.)"},"content":{"rendered":"<p>Allowing the appeal of the assessee the Tribunal held that; AO is not justified in disallowing 30% of commission, without placing on record any material to prove that payments made by assessee were excessive or unreasonable\u00a0 considering fair market value of services.( AY.2009-10)<b><\/b><\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 40A(2): Expenses or payments not deductible \u2013 Excessive  or unreasonable \u2013 Commission- Disallowance of 30% of commission-  Without placing on record any material to prove that payments made by assessee were excessive or unreasonable  considering fair market value of services -No disallowance can be made .<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2338","post","type-post","status-publish","format-standard","hentry","category-digest"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-BI","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2338","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=2338"}],"version-history":[{"count":2,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2338\/revisions"}],"predecessor-version":[{"id":4734,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/2338\/revisions\/4734"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=2338"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=2338"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=2338"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}