https://www.taxtmi.com/caselaws?id=170992 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the assessee, allowing both appeals related to the disallowance of foreign tour expenditure and repair expenditure under section 143(3) of the Income Tax Act, 1961. The Tribunal found the foreign tour expenditure to be for acquiring spares and machinery necessary for the business, thus serving a business purpose. Additionally, the repair expenses were deemed revenue in nature as they did not provide enduring benefits, contrary to the initial capital treatment by the Assessing Officer. en-us Fri, 29 Oct 2010 00:00:00 +0530 Wed, 25 May 2016 15:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=170992 The Appellate Tribunal ITAT Ahmedabad ruled in favor of the assessee, allowing both appeals related to the disallowance of foreign tour expenditure and repair expenditure under section 143(3) of the Income Tax Act, 1961. The Tribunal found the foreign tour expenditure to be for acquiring spares and machinery necessary for the business, thus serving a business purpose. Additionally, the repair expenses were deemed revenue in nature as they did not provide enduring benefits, contrary to the initial capital treatment by the Assessing Officer. Case-Laws Income Tax Fri, 29 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=170992