https://www.taxtmi.com/caselaws?id=425180 The ITAT Kolkata allowed the appeal, directing the Assessing Officer to delete both the disallowance of foreign travel expenses and the addition of dividend income. The expenses were deemed valid and should be allowed in full if not connected with the business, while the dividend income was considered exempt under Section 10(34) of the Income Tax Act, regardless of its source from investments or stock-in-trade. en-us Tue, 12 Jul 2022 00:00:00 +0530 Mon, 18 Jul 2022 09:15:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425180 The ITAT Kolkata allowed the appeal, directing the Assessing Officer to delete both the disallowance of foreign travel expenses and the addition of dividend income. The expenses were deemed valid and should be allowed in full if not connected with the business, while the dividend income was considered exempt under Section 10(34) of the Income Tax Act, regardless of its source from investments or stock-in-trade. Case-Laws Income Tax Tue, 12 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425180