Consistency Applied: ITAT Restricts Disallowance on Travel Expenses to 25%

Archi Exim P. Ltd Vs ITO (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT) in Ahmedabad addressed an appeal filed by Archi Exim P. Ltd. against an order from the Commissioner of Income-tax (Appeals) for the assessment year 2016-17. The core issue of the appeal was the disallowance of a portion of the company’s foreign travel expenses. The case originated during the assessment proceedings for the 2016-17 financial year, where the Assessing Officer (AO) noted that Archi Exim P. Ltd., a company involved in the import and export of chemicals, had claimed Rs. 22,20,220 as “Trave...