https://www.taxtmi.com/caselaws?id=63812 The ITAT partially allowed the appeal, permitting the deduction of trip expenses as they were deemed to serve business interests rather than personal pleasure. However, the decision on the disallowance of expenses related to time-share acquisition in a holiday resort was remanded to the AO for further examination to ascertain its nature and business purpose, emphasizing it was not capital expenditure due to the absence of acquiring a physical asset. en-us Fri, 09 Dec 2005 00:00:00 +0530 Fri, 27 Jul 2012 11:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63812 The ITAT partially allowed the appeal, permitting the deduction of trip expenses as they were deemed to serve business interests rather than personal pleasure. However, the decision on the disallowance of expenses related to time-share acquisition in a holiday resort was remanded to the AO for further examination to ascertain its nature and business purpose, emphasizing it was not capital expenditure due to the absence of acquiring a physical asset. Case-Laws Income Tax Fri, 09 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63812