https://www.taxtmi.com/caselaws?id=55877 The Tribunal allowed the deduction of Rs. 16,500 as business expenditure for foreign tour expenses incurred by a partner of a manufacturing and sales firm. The Tribunal recognized the potential business benefits of the tour organized by a trade association, emphasizing that such tours are encouraged for business purposes. It held that the expenditure was primarily for business objectives, exploring export possibilities and industrial developments in the USA. The decision set aside the lower authorities' disallowance and directed the Income Tax Officer to modify the assessment accordingly, partially allowing the appeal. en-us Wed, 20 Feb 1985 00:00:00 +0530 Tue, 30 Nov 2010 14:56:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=55877 The Tribunal allowed the deduction of Rs. 16,500 as business expenditure for foreign tour expenses incurred by a partner of a manufacturing and sales firm. The Tribunal recognized the potential business benefits of the tour organized by a trade association, emphasizing that such tours are encouraged for business purposes. It held that the expenditure was primarily for business objectives, exploring export possibilities and industrial developments in the USA. The decision set aside the lower authorities' disallowance and directed the Income Tax Officer to modify the assessment accordingly, partially allowing the appeal. Case-Laws Income Tax Wed, 20 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=55877