Foreign travel expenditure incurred for obtaining donations is allowable

Agastya International Foundation Vs ACIT (ITAT Bangalore) ITAT Bangalore held that foreign travel expenses incurred for obtaining donations which are utilized for charitable purpose is allowed as expenditure. Facts- Assessee is a charitable trust registered u/s. 12A of the Act. Assessee has also got registration under FCRA. For A.Y. 2016-17, return of income was filed declaring Nil income, after claiming exemption u/s. 11 of the Act. Subsequently, a revised return was filed declaring ‘Nil’ income (the revised return was filed since there was change in corpus donations). The assessment was ...