https://www.taxtmi.com/caselaws?id=250060 The High Court upheld the disallowance of 10% of foreign travel expenses and interest expenses under Section 36(1)(iii) of the Income Tax Act, 1961. The court found the ITAT's decisions reasonable and not vitiated by legal errors. The alternative submission regarding interest expenses under Section 57 was not considered as it was not raised before lower authorities. The appeal was dismissed without costs as no substantial legal questions were involved. en-us Wed, 30 Jul 2014 00:00:00 +0530 Fri, 01 Aug 2014 19:29:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=250060 The High Court upheld the disallowance of 10% of foreign travel expenses and interest expenses under Section 36(1)(iii) of the Income Tax Act, 1961. The court found the ITAT's decisions reasonable and not vitiated by legal errors. The alternative submission regarding interest expenses under Section 57 was not considered as it was not raised before lower authorities. The appeal was dismissed without costs as no substantial legal questions were involved. Case-Laws Income Tax Wed, 30 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=250060