Travel expenditure incurred for business interest cannot be disallowed

PCIT VS Azure Retreat Pvt Ltd (Delhi High Court) Delhi High Court held that disallowance of travel expenditure unjustified as the expenses incurred had a nexus with the business interest of the respondent/assessee and AO has not brought anything on record to prove that the expenditure were of personal nature. Facts- AO while framing the assessment order u/s. 143(3) r.w.s. 153 and 153B of the Income Tax Act has made addition/ disallowance of 16,67,89,253/- u/s. 68 of the Act and travelling expense claimed by the respondent/assessee to the extent of Rs.8,30,748/- was disallowed. This amount cons...