https://www.taxtmi.com/caselaws?id=9544 The High Court ruled in favor of the Revenue regarding the disallowance under rule 6D, holding that the computation basis should be the total expenditure for the whole year. However, the Court sided with the assessee on the allowability of expenditure on a foreign trip for business purposes, emphasizing the need for expenses to be wholly and exclusively for business and not in the nature of personal or capital expenditure. The Court found the expenditure on the foreign trip to be allowable, stressing the importance of assessing each case based on its own facts and business expediency. en-us Fri, 15 Jul 2005 00:00:00 +0530 Fri, 20 Jan 2012 13:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9544 The High Court ruled in favor of the Revenue regarding the disallowance under rule 6D, holding that the computation basis should be the total expenditure for the whole year. However, the Court sided with the assessee on the allowability of expenditure on a foreign trip for business purposes, emphasizing the need for expenses to be wholly and exclusively for business and not in the nature of personal or capital expenditure. The Court found the expenditure on the foreign trip to be allowable, stressing the importance of assessing each case based on its own facts and business expediency. Case-Laws Income Tax Fri, 15 Jul 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9544