https://www.taxtmi.com/caselaws?id=371911 The ITAT partly allowed the appeal, granting depreciation on the Effluent Treatment Plant (ETP) and allowing the full claim of foreign travel expenses for the Managing Director's trip to Germany. However, the disallowance for the UK trip was upheld. The ITAT found the ETP operational and capable of use with existing power load, contrary to the Assessing Officer's claim. For the foreign travel expenses, the ITAT disagreed with the AO's view of excessiveness, emphasizing the MD's higher position justifying higher expenses for the Germany trip. en-us Fri, 30 Nov 2018 00:00:00 +0530 Thu, 13 Dec 2018 18:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371911 The ITAT partly allowed the appeal, granting depreciation on the Effluent Treatment Plant (ETP) and allowing the full claim of foreign travel expenses for the Managing Director's trip to Germany. However, the disallowance for the UK trip was upheld. The ITAT found the ETP operational and capable of use with existing power load, contrary to the Assessing Officer's claim. For the foreign travel expenses, the ITAT disagreed with the AO's view of excessiveness, emphasizing the MD's higher position justifying higher expenses for the Germany trip. Case-Laws Income Tax Fri, 30 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371911