Foreign travel expenses of MD of company for business purpose allowable

Ms Mount Shivalik Brewereis Ltd. Vs DCIT (ITAT Chandigarh)

Conclusion: Foreign travelling expenses incurred by assessee-company for its Managing Director (MD) should be allowed as deduction as AO had no basis for holding the expenses incurred on the MD’s trip to Germany as excessive or personal.

Held: AO allowed foreign travelling expenditure incurred by managing director (MD) on his trip to Germany to a certain extent and the balance amount including fo

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