Company's Foreign Travel and Medical Expenses for Managing Director Deemed Personal, Not Commercial Necessity.

Company's Foreign Travel and Medical Expenses for Managing Director Deemed Personal, Not Commercial Necessity. https://www.taxtmi.com/highlights?id=4746 Expenditure on foreign travel and medical treatment of the Managing Director and his wife - in the absence of any obligation on the part of the company to meet the medical and traveling expenses, the payment made could not be treated as one of commercial expediency & was purely a personal one - HC en-us Thu, 09 Aug 2012 12:00:28 +0530 Thu, 09 Aug 2012 12:00:28 +0530 TaxTMI RSS Generator Company's Foreign Travel and Medical Expenses for Managing Director Deemed Personal, Not Commercial Necessity. https://www.taxtmi.com/highlights?id=4746 Expenditure on foreign travel and medical treatment of the Managing Director and his wife - in the absence of any obligation on the part of the company to meet the medical and traveling expenses, the payment made could not be treated as one of commercial expediency & was purely a personal one - HC Highlights Income Tax Thu, 09 Aug 2012 12:00:28 +0530 https://www.taxtmi.com/highlights?id=4746