https://www.taxtmi.com/caselaws?id=331086 The Tribunal allowed the appeal of the assessee, a non-resident Indian residing in Japan, regarding the disallowance of traveling expenditure amounting to Rs. 8,50,000 under section 48(i) of the Income Tax Act. The Tribunal held that the expenses were intimately connected with the transfer of the property, as evidenced by detailed records provided by the assessee. The disallowance made by the Assessing Officer and upheld by the CIT (A) was overturned, and the traveling expenditure was deemed an allowable deduction. en-us Fri, 17 Jun 2016 00:00:00 +0530 Fri, 12 Aug 2016 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=331086 The Tribunal allowed the appeal of the assessee, a non-resident Indian residing in Japan, regarding the disallowance of traveling expenditure amounting to Rs. 8,50,000 under section 48(i) of the Income Tax Act. The Tribunal held that the expenses were intimately connected with the transfer of the property, as evidenced by detailed records provided by the assessee. The disallowance made by the Assessing Officer and upheld by the CIT (A) was overturned, and the traveling expenditure was deemed an allowable deduction. Case-Laws Income Tax Fri, 17 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=331086