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Foreign travel exp. couldn’t be disallowed if genuineness of expenses was never in doubt before tax authorities

October 12, 2020[2020] 120 taxmann.com 142 (Madras)

INCOME TAX: Where assessee was able to produce their annual report along with accounts prepared in accordance with AS-18 that there was a gradual increase in sales compared to early years by subsidiary companies in foreign country and Assessing Officer, Commissioner (Appeals) and Tribunal did not dispute genuineness, and bonafides of expenditure incurred by assessee for foreign travel, expenditure having been incurred wholly and exclusively for purpose of business would be allowable

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