https://www.taxtmi.com/caselaws?id=255411 The High Court affirmed the Tribunal's decision regarding the allowability of foreign travel expenses in a partnership firm's tax assessment. The expenses incurred on the partner's wife were deemed legitimate business expenditures due to her status as a founding partner as per the partnership deed. Additionally, expenses towards individuals without a proven business connection were justified based on the partner's official role in business activities, supported by the partnership deed. The Court emphasized the importance of the partnership deed in establishing the business nature of the expenses and dismissed the Revenue's appeal, confirming the deductions. en-us Mon, 05 Jan 2015 00:00:00 +0530 Fri, 08 May 2015 14:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255411 The High Court affirmed the Tribunal's decision regarding the allowability of foreign travel expenses in a partnership firm's tax assessment. The expenses incurred on the partner's wife were deemed legitimate business expenditures due to her status as a founding partner as per the partnership deed. Additionally, expenses towards individuals without a proven business connection were justified based on the partner's official role in business activities, supported by the partnership deed. The Court emphasized the importance of the partnership deed in establishing the business nature of the expenses and dismissed the Revenue's appeal, confirming the deductions. Case-Laws Income Tax Mon, 05 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255411