https://www.taxtmi.com/caselaws?id=64740 The ITAT Delhi allowed the appeal, overturning the lower authorities' decision to disallow the travelling expenses claimed by the assessee for trips to Hong Kong. The tribunal held that the trips were for acquiring technical knowledge essential for the trade, emphasizing that business expenses need not yield immediate results and the connection between expenses and business need not be based on a fixed turnover. The ITAT Delhi concluded that the trips were indeed for business purposes, as evidenced by the purchases made, and therefore, allowed the appeal. en-us Thu, 06 Apr 1989 00:00:00 +0530 Wed, 09 Feb 2011 15:57:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64740 The ITAT Delhi allowed the appeal, overturning the lower authorities' decision to disallow the travelling expenses claimed by the assessee for trips to Hong Kong. The tribunal held that the trips were for acquiring technical knowledge essential for the trade, emphasizing that business expenses need not yield immediate results and the connection between expenses and business need not be based on a fixed turnover. The ITAT Delhi concluded that the trips were indeed for business purposes, as evidenced by the purchases made, and therefore, allowed the appeal. Case-Laws Income Tax Thu, 06 Apr 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64740