2010 (2) TMI 1158

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..... .C. : 1. The basic question which arises in the present appeal pertains to a disallowance of an amount of ₹ 21.66 lakhs by the assessing officer, which was claimed by the assessee on account of foreign traveling expenses. The aforesaid amount was disclosed in the books of account of the assessee in the course of regular assessment for assessment years 199596, 199697 and 199798. Based on a .....

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..... on the basis of the statement recorded by the director. The Tribunal was concerned only about the connotation of undisclosed income under the scheme of block assessment. In view of the finding of the Tribunal that there was no evidence found during the course of search to indicate that the expenses were inadmissible and having regard to the clarification of the Tribunal noted earlier, we do not fi .....

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