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| The Tax Publishers2019 TaxPub(DT) 8107 (Ahd-Trib) INCOME TAX ACT, 1961
Section 37(1)
Assessee was in the business of real estate and could not substantiate before AO with any relevant evidence that foreign travel expenses were incurred for purpose of business of assessee, therefore, AO was justified in denying deduction of foreign travelling expenses of directors along with their relatives.
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Business expenditure - Foreign travelling expenses - Directors along with their relatives - No evidence to substantiate business purpose
Assessee-company claimed deduction of foreign travelling expenses of directors along with their relatives. AO required assessee to justify the claim. Assessee explained that it was in general practice of company that directors travel for business purpose. AO rejected this and disallowed deduction.Held: Assessee was in the business of real estate and could not substantiate before AO with any relevant evidence that foreign travel expenses were incurred for purpose of business of assessee, therefore, AO was justified in denying assessee's claim.
REFERRED :
FAVOUR : Against the assessee.
A.Y. : 2013-14 to 2014-15
INCOME TAX ACT, 1961
Section 23
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