Expenses related to the foreign travels of the family members of ...

Tax Decision: Only 40% of Directors' Family Foreign Travel Expenses Disallowed Due to Business Purpose Involvement.

May 2, 2018

Case Laws Income Tax AT

Expenses related to the foreign travels of the family members of the directors - business expediency - As the assessee may stand to derive some business benefit from such social intercourse and, further considering that the son/s has joined business subsequently, indicating a business purpose as well, we consider it proper to restrict the disallowance to 40% of the impugned expenditure, i.e. qua TA and conveyance - AT

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Expenses related to the foreign travels of the family members of ...

Tax Decision: Only 40% of Directors' Family Foreign Travel Expenses Disallowed Due to Business Purpose Involvement.

May 2, 2018

Case Laws Income Tax AT

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