https://www.taxtmi.com/caselaws?id=258214 The ITAT allowed the appeal, upholding the disallowance of foreign travel expenses but deleting the disallowance of consultancy expenses. The addition of unsecured loans under Section 68 was directed to be deleted as the assessee provided sufficient evidence to prove the identity, genuineness, and creditworthiness of the investors. The charging of interest under Sections 234B and 234D was considered consequential and did not require separate adjudication. en-us Fri, 09 Jan 2015 00:00:00 +0530 Thu, 02 Apr 2015 22:52:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258214 The ITAT allowed the appeal, upholding the disallowance of foreign travel expenses but deleting the disallowance of consultancy expenses. The addition of unsecured loans under Section 68 was directed to be deleted as the assessee provided sufficient evidence to prove the identity, genuineness, and creditworthiness of the investors. The charging of interest under Sections 234B and 234D was considered consequential and did not require separate adjudication. Case-Laws Income Tax Fri, 09 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258214