Monday 18 November 2013

How much foreign travel exp. is reasonable isn’t a question of law; HC declines to interfere

IT-I : Where in respect of foreign travel expenses incurred by assessee trust on behalf of its settler, Tribunal concluded that 50 per cent of said expenditure was towards business and same was to be allowed as deduction, finding so recorded by Tribunal being a finding of fact, same did not require any interference


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