https://www.taxtmi.com/caselaws?id=216017 The Tribunal upheld the decision of the CIT(A) regarding the allowability of expenditure on the foreign tour of the director and his wife, confirming it as business-related and deciding against the revenue. However, in the case of eligibility of storage charges received for deduction under section 80IB, the Tribunal ruled in favor of the revenue, disallowing the deduction as the income was not directly derived from the business activities. en-us Wed, 16 May 2012 00:00:00 +0530 Tue, 28 Aug 2012 12:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=216017 The Tribunal upheld the decision of the CIT(A) regarding the allowability of expenditure on the foreign tour of the director and his wife, confirming it as business-related and deciding against the revenue. However, in the case of eligibility of storage charges received for deduction under section 80IB, the Tribunal ruled in favor of the revenue, disallowing the deduction as the income was not directly derived from the business activities. Case-Laws Income Tax Wed, 16 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=216017