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CA IPCC PGBP 65 Excessive Payment made to specified Person Disallowance

Assessee incurs expenditure, which is paid/ payable to specified person and AO considers that such expenditure is excessive or unreasonable having regard to :-Fair market value of the goods, services or facilities for which the payment is made or legitimate needs of business or profession or Benefit there from to the assessee.In such a case, expenditure considered excessive by AO shall not be allowed as a deduction.
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