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Addition u/s 40a(2)b

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(Querist)
16 March 2018 Can addition u/s 40A(2)b made based on past relation?

For example assessee had in related party in AY 09-10 and now subsequently the realtion doesnt exists. But the transactions between the party are still carried on.Can the AO invoke the section based on past relation in the transaction carried on right now?

Case Laws are welcomed

Thank You
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 March 2018 if the relationship doesn't exist in the relevant previous year, then 40A(2)(b) won't apply
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Karan

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Karan (Querist)
17 March 2018 Sir you have any case law supporting your judgement?



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Nikhil Kaushik

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Nikhil Kaushik (Expert)
17 March 2018 why to go for judgment when the section itself is self-explanatory.

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