https://www.taxtmi.com/caselaws?id=57877 The Tribunal upheld the disallowance of the entire expenditure on Mrs. Wadia's air tickets and restored the original disallowance of foreign exchange expenditure attributed to her, ruling that the expenses were not for the business purposes of the assessee-company. The appeal filed by the revenue was allowed, and the appeal filed by the assessee was dismissed, affirming the disallowance of Rs. 1,01,049 for air tickets and Rs. 51,547 for foreign exchange expenditure. en-us Tue, 06 Jun 1995 00:00:00 +0530 Wed, 15 Dec 2010 11:12:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57877 The Tribunal upheld the disallowance of the entire expenditure on Mrs. Wadia's air tickets and restored the original disallowance of foreign exchange expenditure attributed to her, ruling that the expenses were not for the business purposes of the assessee-company. The appeal filed by the revenue was allowed, and the appeal filed by the assessee was dismissed, affirming the disallowance of Rs. 1,01,049 for air tickets and Rs. 51,547 for foreign exchange expenditure. Case-Laws Income Tax Tue, 06 Jun 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57877