Bonafide Foreign Travel Expenses for Business purpose allowable

Talera Automobiles Private Limited Vs ACIT (ITAT Pune) This appeal by the assessee arises out of the order dated 21-07-2017 passed by the CIT(A)-5, Pune in relation to the assessment year 2009-10. 2. The only issue raised in this appeal is against the confirmation of disallowance of foreign travel expenses amounting to Rs.9,29,041/-. 3. Briefly stated, the facts of the case are that the assessee is a private limited company engaged in the business of dealership of cars. During the course of assessment proceedings, the Assessing Officer (AO) observed that the assessee incurred Foreign Travel ex...