GST Helpdesk   Subscription   Demo   New User   Login      
Tax Management India .com
TMI - Tax Management India. Com
What's New Case Laws Highlights Articles News Forum Short Notes Statutory TMI SMS More ...
Extracts
Home List
← Previous Next →

2015 (11) TMI 1509 - ITAT CHENNAI

2015 (11) TMI 1509 - ITAT CHENNAI - TMI - Disallowance of 25% of the foreign Travel expenses - vouchers for each of the expenditure incurred were not furnished - Held that:- The nature of the business of the assessee and the income generated by the assessee, we are of the considered view that the expenses incurred by the assessee to the tune of ₹ 15,02,047/- towards overseas travels is quiet reasonable. Moreover it is evident that the assessee had purchased the foreign currency and no port .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Shri Duvvuru RL Reddy, Judicial Member Appellant by : Ms.H.B.Meera Shenoy, FCA Respondent by : Mr.A.B.Koli, JCIT, D.R ORDER PER A.MOHAN ALANKAMONY , ACCOUNTANT MEMBER: This appeal is filed by the Assessee, aggrieved by the order of the Learned Commissioner of Income Tax(A)-6, Chennai dated ITA 2 No. 1792/Mds/2015 08.06.2015 in ITA No.238/CIT(A)-6/2014-15 passed under Sec.143(3) read with section Sec. 250 of the Act. 2. The Assessee has raised four elaborate grounds in its appeal, however the cr .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

n and ₹ 3,46,04,690/- under MAT. Subsequently, the case was taken up for scrutiny and the assessment was completed on 16.01.2015 wherein the Ld.A.O disallowed 25% on the overseas travel expenses of ₹ 15,02,047/- undertaken by the Director, Mr.Iqbal Ahmed Mecca. The assessee had furnished evidence for the purchase of foreign exchange made by the Director of the company, however did not furnish any other evidence for the expenses incurred. Therefore, the Ld. Assessing Officer disallowe .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Advanced Search


Latest Notifications:

    Dated      Category

20-7-2017 Cus (NT)

20-7-2017 GST CESS Rate

19-7-2017 IT

19-7-2017 IT

18-7-2017 IT

18-7-2017 CE (NT)

18-7-2017 CE

18-7-2017 GST CESS Rate

15-7-2017 Kerala SGST

14-7-2017 Andhra Pradesh SGST

14-7-2017 Cus (NT)

14-7-2017 Cus

13-7-2017 Co. Law

13-7-2017 Co. Law

13-7-2017 ADD

13-7-2017 ADD

12-7-2017 Jammu & Kashmir SGST

12-7-2017 Gujarat SGST

12-7-2017 Gujarat SGST

12-7-2017 CGST Rate

More Notifications


Latest Circulars:

21-7-2017 Goods and Services Tax

20-7-2017 Goods and Services Tax

20-7-2017 Goods and Services Tax

19-7-2017 Goods and Services Tax

19-7-2017 Income Tax

18-7-2017 Customs

17-7-2017 Customs

14-7-2017 Income Tax

13-7-2017 Central Excise

13-7-2017 Customs

More Circulars



|| Home || Acts and Rules || Notifications || Circulars || Schedules || Tariff || Forms || Case Laws || Manuals ||

|| About us || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members || Site Map ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version