1991 (2) TMI 100

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....n "Whether, on the facts and in the circumstances of the case, was the expenditure incurred by the assessee on the foreign tour of two of its directors an allowable deduction either in whole or in part ?" The assessee is a limited company running a five star hotel known as Hotel Clark Shiraz at Agra. For the assessment year 1972-73, the assessee claimed deduction, of Rs. 40,295 on account of....

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....sessee and Ramada Inns recited that the technical assistance was being obtained from Ramada Inns for "operation and construction of its existing and future hotels". The Tribunal agreed with the Income-tax Officer in that, in so far as the agreement related to the existing hotel, the expenditure was revenue in nature but, in so far as it related to the hotels under construction, the expenditure wou....