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2016 (1) TMI 225 - PUNJAB AND HARYANA HIGH COURTBusiness expenditure on account of foreign travel - professionally qualified son and daughter-in-law of only male partner of the appellant firm, both son and daughter-in-law being legal heirs of the partner also and having shown growth in firms business as a consequence of their foreign travel - Tribunal disallowing the entire foreign travel expense on the only premise that it was not incurred by a competent person - Held that:- The findings have been recorded by the Assessing Officer and the Tribunal that the foreign travel expenses of Shri Deepak Aggarwal and Smt. Shilpa Aggarwal (son and daughter-in-law of the partners of the assessee firm) was on account of personal tours and not expended wholly and exclusively for business purposes and was, thus, inadmissible under Section 37(1) of the Act. It would primarily be a question of fact whether in a given facts and circumstances, the expense is wholly and exclusively for business purposes or not. The view taken by the Assessing Officer and the Tribunal is a plausible view and, therefore, does not call for any interference by this Court. - Decided against assessee.
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