https://www.taxtmi.com/caselaws?id=764747 The ITAT Ahmedabad held that reimbursement of travel expenses by a company to its Managing Director for official business tours did not constitute taxable perquisites. The assessee was MD of an export company with Rs. 159 crores turnover, 98% from exports. The company reimbursed only official travel expenses totaling Rs. 4 crores, while personal expenses were excluded. Given the substantial business turnover, export nature requiring international travel, company confirmation of official purpose, and exclusion of personal expenses, the tribunal deleted the addition made by the AO and decided in favor of the assessee. en-us Wed, 15 Jan 2025 00:00:00 +0530 Fri, 17 Jan 2025 08:45:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764747 The ITAT Ahmedabad held that reimbursement of travel expenses by a company to its Managing Director for official business tours did not constitute taxable perquisites. The assessee was MD of an export company with Rs. 159 crores turnover, 98% from exports. The company reimbursed only official travel expenses totaling Rs. 4 crores, while personal expenses were excluded. Given the substantial business turnover, export nature requiring international travel, company confirmation of official purpose, and exclusion of personal expenses, the tribunal deleted the addition made by the AO and decided in favor of the assessee. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764747