No Disallowance u/s 40A(2) towards Payments of Supervision and Risk Management Charges to Relative Concerns: ITAT [Read Order]

ITAT - ITAT Delhi - Disallowance - Income Tax - TAXSCAN

The Delhi bench of Income Tax Appellate Tribunal ( ITAT ) held that no disallowance should be made under Section 40A(2) of Income Tax Act in respect of payments of supervision and risk management charges to relative concerns. The Assessee, Trinity Global Enterprises Ltd Incurred expense o f Rs.4,46 ,50,000/- on account of supervision and risk management…

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