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2010 (3) TMI 902 - AT - Income TaxDisallowance made under the head ‘expenditure’ incurred for repairing the space used for recreation room – Held that:- Since assessee did not acquire a capital asset but put up a construction of building only for purpose of business, same was allowable as revenue expenditure Disallowance on account of foreign travel – Held that:- Foreign travel was necessitated to grow the business of the assessee’s magazines, periodicals, etc. which is now on globalization and on competition, which requires to know more about to cut down the cost of the publications and printings and such other matters, which are required for the purpose of the business - foreign travel expenses were incurred only for the purpose of business. - Decided in favour of assessee.
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