https://www.taxtmi.com/caselaws?id=359562 The tribunal partially allowed the appeals filed by the assessees regarding disallowances under the head of T.A. & Conveyance for Assessment Years 2010-11 to 2012-13 based on foreign travel expenses of family members. The disallowance was limited to 40% of the claimed expenditure as the expenses lacked a clear nexus with the business and contained a significant personal element, despite the son later joining the business. The tribunal emphasized that business expenses must be incurred wholly and exclusively for business purposes, leading to the decision pronounced on 23.03.2018. en-us Fri, 23 Mar 2018 00:00:00 +0530 Wed, 02 May 2018 08:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359562 The tribunal partially allowed the appeals filed by the assessees regarding disallowances under the head of T.A. & Conveyance for Assessment Years 2010-11 to 2012-13 based on foreign travel expenses of family members. The disallowance was limited to 40% of the claimed expenditure as the expenses lacked a clear nexus with the business and contained a significant personal element, despite the son later joining the business. The tribunal emphasized that business expenses must be incurred wholly and exclusively for business purposes, leading to the decision pronounced on 23.03.2018. Case-Laws Income Tax Fri, 23 Mar 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359562