It is not necessary that for claiming deduction on account of foreign travel expenses, there has to be some business activity of assessee in foreign countries

ORDER PER P.M. JAGTAP, A.M.

This appeal by the assessee is directed against the order of Id. CIT-VII, Mumbai dated 19.12.2008 passed u/s 263.

2. The assessee in the present case is an investment company which filed its return of income for the year under consideration on 29.10.04 declaring total income of Rs. 5,03,38,480/-. The said return filed by the assessee was selected for scrutiny assessment and in the assessment completed vide an order dated 29.9.2006 passed u/s 143(3), the total inco

Please become a Premium member. If you are already a Premium member, login here to access the full content.