ITAT Delhi Upholds Dealer Foreign Tour Expense as Genuine Business Promotion

DCIT Vs Lakshmi Metal Udyog Limited (ITAT Delhi) ITAT Delhi: Dealer Foreign Tour & Shared Expenses Found Genuine – Disallowances of ₹2.21 Cr & ₹2.53 Cr Deleted Tribunal upheld CIT(A)’s order deleting two disallowances—₹2.21 crore towards dealer foreign tour expenses & ₹2.53 crore of shared operational costs. AO had disallowed the foreign travel expenses for lack of agreements & proof of dealer eligibility under a reward scheme. Assessee produced the Dealer Tour Scheme 2016-17, board resolution, & supporting evidence showing the expenditure was for incentivizin...