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2003 (1) TMI 66 - HC - Income TaxAllow ability of the expenditure incurred on the foreign tour of the wife of a director of a company in the computation of income under the head "Profits and gains of business" under section 37(1) of the Income-tax Act, 1961 - "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the expenditure incurred on the foreign tour of the wife of a director of the company is not an allowable deduction under the Income-tax Act, 1961 ?" - the Assessing Officer had allowed the foreign travel expenses of the director of the assessee-company and also rejected the foreign travel expenses of the wife of the director both in a mechanical manner. - The first appellate authority and the Tribunal also did not consider the matter keeping in mind the legal principles- matter is remanded.
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