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2016 (1) TMI 350 - AT - Income TaxAssessment u/s 153A - disallowance on account of foreign travel having no nexus with the business of assessee - Held that:- Since assessment has already been completed u/s. 143(3) of the Act on the disputed amount of ₹ 12.77 lakh for foreign travel at the time of search that there was no incriminating material found which requires the AO to disallow the same. So in the absence of any material information quoted during the time of search we are inclined to allow the expenses incurred on foreign tour by assessee. As we have adjudicated the jurisdictional issue in favour of assessee, hence, in respect of other grounds on merit, we are refraining ourselves from adjudicating the same. - Decided in favour of assessee
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