Foreign Travel expense of director having nexus with business allowable

Laxmi Ventures (India) Ltd. Vs DCIT (ITAT Mumbai) The issue under consideration is whether disallowance made against the foreign expense incurred for the foreign travelling of the officer is justified in law? ITAT states that, the assessee had debited a sum on account of foreign travelling expenses for Europe visit and a sum on account of foreign travel for travelling to London. The assessee was asked to justify the business nexus of these foreign trips for the purpose of allowability by the ld. AO. The assessee submitted the ledger account alongwith copy of invoices issued by the travel agent...