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2015 (10) TMI 1441 - AT - Income TaxDisallowance of traveling and conveyance expenses - Held that:- Tribunal has been called upon to give its own reasons for affirming or rejecting the reasoning given by the AO as well as the CIT(A). We afforded an opportunity to the assessee to co-relate the trips of these three directors to Malaysia and UK with the business purpose. Except for filing a tour report of one of the directors, which is an simply an internal evidence, the ld. AR could not place on record any external evidence to suggest that any business meetings were held in Malaysia or UK, which were attended by these three directors. On being called upon to file any correspondence with the Japanese company to support the assessee’s contention that meetings were organized in Malaysia and UK, the ld. AR fairly conceded that no such evidence was available. This shows that except for a bald statement that the business meetings were organized by the Japanese company in Malaysia and UK, there is no evidence worth the name to support such a claim. When the position is such, the natural conclusion which follows is that there is no positive evidence to the effect that these foreign trips were undertaken by the three directors for any business purpose. Under such circumstances, the view taken by the authorities below cannot be disturbed. We, therefore, countenance the impugned order in sustaining the disallowance of ₹ 22.47 lac. - Decided against assessee.
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