Foreign travel for securing capital investment is capital expenditure not allowable u/s 30 to 38

POONAM GANDHI 27 Aug 2022 858 Views 0 comment Print Income Tax | Judiciary

Case Law Details

Case Name : Balkrishna Live Stock Breeders Pvt. Ltd. Vs ACIT (ITAT Bangalore)

Appeal Number : ITA No. 619/Bang/2021

Date of Judgement/Order : 04/08/2022

Related Assessment Year : 2017-18

Courts : All ITAT ITAT Bangalore

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Balkrishna Live Stock Breeders Pvt. Ltd. Vs ACIT (ITAT Bangalore)

Held that foreign travel directly relating to securing the capital investment in the assessee’s business is capital in nature. Accordingly, such expenditure is not allowable expenditure u/s 30 to

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Name: POONAM GANDHI

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Case Law Details

Balkrishna Live Stock Breeders Pvt. Ltd. Vs ACIT (ITAT Bangalore)

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Author Bio

Name: POONAM GANDHI

Qualification: CA in Practice

Company: N/A

Location: AHMEDABAD, Gujarat, India

Member Since: 14 Feb 2019 | Total Posts: 5606

My Published Posts

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

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