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GODAVARI CORPORATION P. LTD. Versus INCOME-TAX OFFICER

2016 (3) TMI 170 - ITAT MUMBAI

Disallowance 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 shareh .....

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ssue 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, t .....

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/ 2010 (assessment year 2003-04). - Dated:- 11-9-2015 - D. KARUNAKARA RAO (Accountant Member) and AMIT SHUKLA (Judicial Member) R. S. Chokshi and Smt. M. K. Patel for the appellant. S. T. Bidari for the respondent. ORDER The order of the Bench was de .....

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e years therefore, the assessee is in appeal before the Tribunal. 2. Briefly stated the relevant facts of the case for the assessment year 2003- 04 are that the assessee incurred a sum of ₹ 2,62,422 on foreign travel of Shri D. K. Agarwal to Si .....

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39; meet and the assessee sent Shri Agarwal for the said meet of the joint venture. The expenses incurred by the assessee in respect of Shri Agarwal's aforesaid foreign travel were disallowed by the Assessing Officer rejecting the assessee's .....

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e disallowed in that year is ₹ 3,28,433. Matter travelled to the first appellate authority for both assessment years. 3. During the proceedings before the first appellate authority, after considering the submissions of the assessee, the Commiss .....

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Commissioner of Income-tax (Appeals), the assessee is in further appeal before the Tribunal for both assessment years under consideration. 4. During the proceedings before us, learned counsel for the assessee submitted that the travel was undertaken .....

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tions, learned counsel for the assessee submitted that the management could not undertake the travel and in their place, the employees were deputed. On the issue of undertaking travel to Singapore, when the meet actually was held in Jakarta, there is .....

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