https://www.taxtmi.com/caselaws?id=369127 The Tribunal allowed the assessee's appeal on all grounds, directing the deletion of disallowances under Sections 36(1)(iii), 14A, 40A(3), and the ad hoc disallowance of foreign travel expenses. The decision highlighted the significance of having sufficient own funds, demonstrating business exigency, and establishing the genuineness of expenditures in tax assessments. en-us Tue, 14 Aug 2018 00:00:00 +0530 Mon, 22 Oct 2018 09:53:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369127 The Tribunal allowed the assessee's appeal on all grounds, directing the deletion of disallowances under Sections 36(1)(iii), 14A, 40A(3), and the ad hoc disallowance of foreign travel expenses. The decision highlighted the significance of having sufficient own funds, demonstrating business exigency, and establishing the genuineness of expenditures in tax assessments. Case-Laws Income Tax Tue, 14 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369127