https://www.taxtmi.com/caselaws?id=266166 The High Court upheld the disallowance of travelling and conveyance expenses amounting to Rs. 22,47,565 by the Tribunal. The Court criticized the lack of reasoning provided by the Tribunal and emphasized the need for detailed justifications for accepting the assessee's version. The Tribunal, upon further examination, found that the assessee failed to substantiate the business purpose of the directors' trips to Malaysia and UK, leading to the conclusion that the foreign trips lacked a legitimate business purpose. Consequently, the disallowance was upheld due to insufficient proof of business-related travel expenses. en-us Fri, 18 Sep 2015 00:00:00 +0530 Sun, 18 Oct 2015 17:43:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266166 The High Court upheld the disallowance of travelling and conveyance expenses amounting to Rs. 22,47,565 by the Tribunal. The Court criticized the lack of reasoning provided by the Tribunal and emphasized the need for detailed justifications for accepting the assessee's version. The Tribunal, upon further examination, found that the assessee failed to substantiate the business purpose of the directors' trips to Malaysia and UK, leading to the conclusion that the foreign trips lacked a legitimate business purpose. Consequently, the disallowance was upheld due to insufficient proof of business-related travel expenses. Case-Laws Income Tax Fri, 18 Sep 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266166