Just a moment...

Report
FeedbackReport
Welcome to TaxTMI

We're migrating from taxmanagementindia.com to taxtmi.com and wish to make this transition convenient for you. We welcome your feedback and suggestions. Please report any errors you encounter so we can address them promptly.

Bars
Logo TaxTMI
>
×

By creating an account you can:

Feedback/Report an Error
Category :
Description :
Min 15 characters0/2000
TMI Blog
Home /

2009 (3) TMI 1048

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....his appeal, preferred by the Revenue, is directed against the order of the learned CIT(A) dated 26-3-2008 relating to the assessment year 2004-05. 2. The only dispute in this appeal relates to the disallowance of expenditure on account of foreign tour and traveling expenses amounting to ₹ 18,89,812/- in relation to employees and partners in the course of the assessee's business. 3. Accordi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the learned counsel, was merely based on suspicion. The assessee has filed details of the foreign travel expenses for the last five years at page 28 of the paper book and pleaded that such foreign tavelling expenses for the assessment year in question were at 1.77% of the turnover, whereas in A.Y. 2002-03, expenditure to the extent of 2.19% were claimed and allowed. He also relied upon the order ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the extent of ₹ 53 crores during the year in question. In A.Y. 2002-03 such turnover was only ₹ 31 crores and the expenditure incurred in that year, which was claimed and allowed by the department, was 2.19%. In our view, the claim of the expenditure is not unreasonable, having regard to the business requirement. Now the question is whether these can be allowed when the assessee has n....