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Income Tax - Highlights / Catch Notes

Home Highlights January 2015 Year 2015 This

Disallowance out of travelling expenditure - the involvement of ...


Travel Expense Disallowance Must Be Fair and Justifiable, Not Exceeding 50% Due to Personal Use Concerns.

January 9, 2015

Case Laws     Income Tax     AT

Disallowance out of travelling expenditure - the involvement of personal expenditure could not be to the magnitude of 50% - The disallowance, even if made on estimate basis, it should be a fair and justifiable - AT

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