Case Law Details
DCIT Vs Ritesh Properties & Industries Ltd. (ITAT Delhi)
1. Foreign travel expense not allowable if no nexus between travel & business purpose
Though the counsel submits that the action of the CIT(A) in upholding the disallowance of Rs.7,02,655/- on the ground that the said expenditure was incurred for foreign travel for personal purposes is without any basis and without appreciation of facts, on a careful consideration of the orders of the authorities below in the light of the submissions made on either side where of the considered opinion that factually the assessee failed to establish the nexus between the travel and the business purpose for this year and, therefore, we do not find any ground to interfere with the findings of the Ld. CIT(A) on this aspect. While upholding the findings of the Ld. CIT(A), we dismiss Ground No. 1 of assessee’s appeal.
2. Where there is no dispute of fact that no dividend has been earned by the assessee during the year, no disallowance is called for under section 14 A of the Act.
FULL TEXT OF THE ORDER OF ITAT DELHI
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