https://www.taxtmi.com/caselaws?id=427205 The ITAT Mumbai partly allowed the appeal filed by a domestic private limited company, overturning the disallowance of Foreign Travel Expenses for business purposes. The tribunal directed the Ld.CIT(A) to adjudicate on the additional ground for reducing Long Term Capital Gain on the sale of shares and reconsider the reduction of sale consideration due to a revised sale price of shares of M/s WMI Cranes Ltd. The case was remanded for further consideration on these issues. en-us Thu, 25 Aug 2022 00:00:00 +0530 Sat, 03 Sep 2022 08:06:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=427205 The ITAT Mumbai partly allowed the appeal filed by a domestic private limited company, overturning the disallowance of Foreign Travel Expenses for business purposes. The tribunal directed the Ld.CIT(A) to adjudicate on the additional ground for reducing Long Term Capital Gain on the sale of shares and reconsider the reduction of sale consideration due to a revised sale price of shares of M/s WMI Cranes Ltd. The case was remanded for further consideration on these issues. Case-Laws Income Tax Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=427205