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2015 (9) TMI 654 - AT - Income TaxCharitable purpose - Expenses incurred outside India on account of foreign traveling - whether were not allowable as application of income as the assessee was not notified by the CBDT in this regard? - CIT(A) granted relief for the assessee - Held that:- Undisputedly and admittedly, the main objective of the assessee association is to promote trade and industry in India that in the present era of economic globalization, sending delegation to foreign countries cannot be held as outside the ambit of main objective of the assessee association. Per contra, from the Article of Association available it is vivid that the main objects as contained in clause (3) of the Memorandum of Association, objectives cannot be fulfilled without sending foreign delegation and, therefore, foreign travelling expenses incurred by the assessee cannot be held as application of income outside taxable territories of the assessee. Therefore, we are inclined to agree with the conclusion of the CIT(A) and we are unable to see any infirmity, perversity or any other valid reason to interfere with the same - Decided in favour of assessee.
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