Addition made on Foreign Travelling Expenses of Non-Resident Indian Director for Looking Affairs of Company Shall not be disallowed: ITAT sets aside Order

Foreign - Travelling - Expenses - Non - Resident - Indian - Director - for - Looking - Company - Shall - disallowed - ITAT - TAXSCAN

The Mumbai bench of Income Tax Appellate Tribunal (ITAT) has recently held that addition made on foreign travelling expenses of non-resident Indian directors for looking at affairs of company should not be disallowed. Therefore the bench set-aside the order of lower authority. Assesse-Garware Finance Corporation Limited, was engaged in the business and financial under section…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader