https://www.taxtmi.com/caselaws?id=253867 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 2,00,000 on account of foreign tour expenses, as the expenditure was found to be business-related and not personal. The Tribunal also supported the CIT(A)'s ruling that Rs. 14,36,874 spent on repairs and maintenance of rented premises should be treated as revenue expenditure, not capital. The Tribunal dismissed the department's appeal, affirming the CIT(A)'s order based on the correct application of legal principles and evidence presented. en-us Fri, 05 Sep 2014 00:00:00 +0530 Sat, 06 Dec 2014 06:31:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=253867 The Tribunal upheld the CIT(A)'s decision to delete the disallowance of Rs. 2,00,000 on account of foreign tour expenses, as the expenditure was found to be business-related and not personal. The Tribunal also supported the CIT(A)'s ruling that Rs. 14,36,874 spent on repairs and maintenance of rented premises should be treated as revenue expenditure, not capital. The Tribunal dismissed the department's appeal, affirming the CIT(A)'s order based on the correct application of legal principles and evidence presented. Case-Laws Income Tax Fri, 05 Sep 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=253867