https://www.taxtmi.com/caselaws?id=272416 The appeal was partly allowed with the deletion of additions under section 41(1) for trade creditors, partial allowance of foreign traveling expenses, and dismissal of the 1/5th disallowance for certain expenses. The Tribunal ruled in favor of the assessee, directing the deletion of the section 41(1) additions due to outstanding trade creditors, allowing 75% of the foreign traveling expenses claimed, and confirming the 1/5th disallowance for certain expenses. en-us Mon, 20 May 2013 00:00:00 +0530 Wed, 02 May 2018 17:29:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272416 The appeal was partly allowed with the deletion of additions under section 41(1) for trade creditors, partial allowance of foreign traveling expenses, and dismissal of the 1/5th disallowance for certain expenses. The Tribunal ruled in favor of the assessee, directing the deletion of the section 41(1) additions due to outstanding trade creditors, allowing 75% of the foreign traveling expenses claimed, and confirming the 1/5th disallowance for certain expenses. Case-Laws Income Tax Mon, 20 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272416