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2018 (4) TMI 565 - AT - Income TaxDisallowance on account of foreign travel expenditure - Held that:- It is noticed that the assessee failed to furnish any details of expenditure nor explained business exigency to visit South Africa before both the authorities below. It is noticed from the order of CITA that he specifically asked to provide supporting evidence regarding the urgency of foreign travel. We find no details were filed except making a submission that the visit was to negotiate with supplier in South Africa for purchase of new machinery. We find no such evidence is before us also. CIT-A was correct in confirming the impugned disallowance made by the AO and it is justified. - Decided against assessee Addition on account of interest paid on late deposit of TDS - Held that:- Interest paid on delayed deposit of TDS is an allowable deduction by placing reliance on the decisions of Bharat Commerce Industries Ltd Vs. CIT reported in (1998 (3) TMI 2 - SUPREME Court). - Decided in favour of assessee.
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