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TMI Blog2014 (6) TMI 395X X X X Extracts X X X X X X X X Extracts X X X X ..... a delay of one day in filing the appeal was observed by the Bench. The same is accompanied by a condonation petition and affidavit, explaining the reason/s for the delay, which we find as satisfactory. The hearing in the matter was accordingly proceeded with, admitting the appeal. 3. The issue arising in the instant appeal is the deductibility or otherwise in law of the expenditure on foreign travel, incurred and claimed by the assessee per its return of income in the sum of Rs.5,46,198/-. The same stood undertaken on foreign trips to Thailand and Myanmar by the assessee, an individual, and his father. The assessee, engaged in trading in Fresh Cut Flowers, explained these tours as being for prospecting buyers - this being the first year o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessee's case was principally for admission of additional evidences, being by way of copy of e-mails sent to various parties in Thailand for confirmation of the meeting, and the import export coder (IEC) of M/s.CM (dated 18.05.1992) and the assessee (dated 05.06.2012). The ld. AR, on being questioned during hearing, in respect of the anomaly with regard to the assessee undertaking journey by car, extending to over 500 kms,, while having himself booked a convention hall for a full day conference with the suppliers on that date (11.10.2005), would submit that it was possible in today's age of faster mode of travel. 5. We have heard the parties, and perused the material on record, giving our careful consideration to the matter. In our con ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... was not possible for want of IEC code, the date of application for which has not been furnished, it could furnish evidence as to the purchases from M/s. CM, the importer, being at cost, so that it is as good as having imported directly. In any case, obtaining an IEC code is the first thing a person intending to import would obtain, which is a matter of simple procedure, while the assessee waits for years to do so. The other two trips during the year, i.e., in May and June, 2005 and December, 2005, expenditure on which is being claimed, are by the assessee's father, and toward which no explanation stands furnished at any stage. The assessee has also not advanced any reason toward admission of additional evidence. We are, accordingly, under t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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