https://www.taxtmi.com/caselaws?id=328317 The Tribunal allowed the appeal, deleting the entire disallowance of foreign travelling expenses, emphasizing the expenses were for business purposes. It dismissed the Revenue's appeal, stating Section 40A(2) did not apply to the nature of expenses and personal benefits to directors did not negate business purpose. The decision highlighted that business decisions and expenses, even if benefiting directors personally, are deductible if for the company's business. en-us Wed, 17 Feb 2016 00:00:00 +0530 Wed, 01 Jun 2016 21:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328317 The Tribunal allowed the appeal, deleting the entire disallowance of foreign travelling expenses, emphasizing the expenses were for business purposes. It dismissed the Revenue's appeal, stating Section 40A(2) did not apply to the nature of expenses and personal benefits to directors did not negate business purpose. The decision highlighted that business decisions and expenses, even if benefiting directors personally, are deductible if for the company's business. Case-Laws Income Tax Wed, 17 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328317