https://www.taxtmi.com/caselaws?id=392076 The High Court upheld the disallowance of foreign travel expenses for the Assessment Years 1993-94 and 1994-95 due to the Assessee's failure to substantiate expenses with necessary documentation. The addition on estimated variation in consumption of raw material was upheld as the Assessee failed to provide sufficient details and comply with information requirements. However, the contribution made to Lady Ampthill Hospital was deemed allowable as a business expense after the Assessee's assertion was supported. The Appeals filed by the Assessee were dismissed, emphasizing the importance of providing adequate evidence to justify expenses and contributions. en-us Wed, 29 Jan 2020 00:00:00 +0530 Thu, 13 Feb 2020 08:11:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=392076 The High Court upheld the disallowance of foreign travel expenses for the Assessment Years 1993-94 and 1994-95 due to the Assessee's failure to substantiate expenses with necessary documentation. The addition on estimated variation in consumption of raw material was upheld as the Assessee failed to provide sufficient details and comply with information requirements. However, the contribution made to Lady Ampthill Hospital was deemed allowable as a business expense after the Assessee's assertion was supported. The Appeals filed by the Assessee were dismissed, emphasizing the importance of providing adequate evidence to justify expenses and contributions. Case-Laws Income Tax Wed, 29 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=392076