https://www.taxtmi.com/caselaws?id=36291 Expenditure on a director's foreign tour to attend an international sugarcane technologists' congress was treated as business expenditure because it was closely connected with the assessee's sugar-manufacturing business and aimed at acquiring the latest production techniques. The Tribunal's finding on that business nexus was treated as final. A further objection that the amount related to a different assessment year was not entertained because it had not been raised or decided as a question of law before the Tribunal, and could not be introduced for the first time in reference proceedings. The expenditure was therefore allowable, and the issue was answered in favour of the assessee. en-us Tue, 16 Dec 1980 00:00:00 +0530 Sat, 20 Mar 2010 14:17:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36291 Expenditure on a director's foreign tour to attend an international sugarcane technologists' congress was treated as business expenditure because it was closely connected with the assessee's sugar-manufacturing business and aimed at acquiring the latest production techniques. The Tribunal's finding on that business nexus was treated as final. A further objection that the amount related to a different assessment year was not entertained because it had not been raised or decided as a question of law before the Tribunal, and could not be introduced for the first time in reference proceedings. The expenditure was therefore allowable, and the issue was answered in favour of the assessee. Case-Laws Income Tax Tue, 16 Dec 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36291