https://www.taxtmi.com/caselaws?id=335015 The Tribunal affirmed the disallowance of trip and traveling expenditures made by the Revenue authorities and upheld by the Commissioner of Income-tax (Appeals). The disallowances were based on unsupported expenses and lack of business connection, with the Tribunal emphasizing the factual nature of quantifying disallowances. The Tribunal rejected the argument that no personal element should exist in company expenditures, stating that expenses must be for business purposes to be allowed. Ultimately, the appeal was dismissed, confirming the disallowances for the specified expenditures. en-us Mon, 01 Aug 2016 00:00:00 +0530 Fri, 25 Nov 2016 09:45:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335015 The Tribunal affirmed the disallowance of trip and traveling expenditures made by the Revenue authorities and upheld by the Commissioner of Income-tax (Appeals). The disallowances were based on unsupported expenses and lack of business connection, with the Tribunal emphasizing the factual nature of quantifying disallowances. The Tribunal rejected the argument that no personal element should exist in company expenditures, stating that expenses must be for business purposes to be allowed. Ultimately, the appeal was dismissed, confirming the disallowances for the specified expenditures. Case-Laws Income Tax Mon, 01 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335015