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2016 (3) TMI 170 - ITAT MUMBAIDisallowance of foreign travel expenses - Held that:- There is no dispute on the genuineness of the expenditure in both years. The dispute is only with regard to the employees travelling to the shareholders meet where the employees are not the shareholders. The business purposes of the assessee are not sufficiently and adequately demonstrated before us. Therefore, we are of the opinion, both appeals should be remanded for one more round to the file of the Assessing Officer for adjudicating the issue afresh. The assessee shall demonstrate where exactly the meet took place, why Shri Agarwal travelled to Singapore, how Shri Agarwal is connected to the shareholders meet when the assessee is a shareholder in the joint venture company. Further, the assessee shall also demonstrate as to what is the fact on the disallowance made by the Assessing Officer in the earlier year on account of foreign travel. - Decided in favour of assessee for statistical purposes.
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