https://www.taxtmi.com/caselaws?id=117210 The Tribunal upheld the relief granted on foreign traveling expenses for the Director of the Company, deeming the disallowance unjustified as the visits were for exploring export possibilities. Additionally, the disallowance of deduction under section 80-IA was upheld due to the absence of business income, as interest income did not qualify. The Tribunal ruled in favor of the assessee, dismissing the revenue's appeal and affirming both decisions. en-us Fri, 29 Nov 2002 00:00:00 +0530 Thu, 21 Jun 2012 10:42:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=117210 The Tribunal upheld the relief granted on foreign traveling expenses for the Director of the Company, deeming the disallowance unjustified as the visits were for exploring export possibilities. Additionally, the disallowance of deduction under section 80-IA was upheld due to the absence of business income, as interest income did not qualify. The Tribunal ruled in favor of the assessee, dismissing the revenue's appeal and affirming both decisions. Case-Laws Income Tax Fri, 29 Nov 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=117210