ITAT Upholds Additions for Unexplained Cash Credit and Delayed PF Payments, Grants Partial Relief on Foreign Travel Expenses [Read Order]

ITAT ruled that 30% of the foreign travel expenses should be disallowed due to the personal element, allowing the remaining 70% as a legitimate business expense

By Adwaid M S - On April 5, 2025 7:47 am - 2 mins read

ITAT - Additions for Unexplained Cash Credit - Unexplained Cash Credit - Unexplained Cash Credit and Delayed PF Payments - Delayed PF Payments - taxscan

The Income Tax Appellate Tribunal, Ahmedabad Bench, had delivered a ruling allowing partial deductions for foreign travel expenses claimed by the appellant while disallowing a portion on the grounds of personal use. Shridev Procon Limited, appellant-assessee had challenged the disallowance of travel expenses, an addition under Section 68 of the Income Tax Act, disallowance under…

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