Dismissing the appeal of the revenue the Court held that the trustee had gone to various countries to expand business of trust and mere fact that he went on tourist visa could not a ground to conclude that no business was transacted .Deletion of addition is held to be justified . (AY. 2005-06)
CIT v. Swadeshi Internationals (2019) 261 Taxman 430 (Karn.)(HC)
S. 37(1) : Business expenditure–Foreign travelling expenditure of trustee on tourist visa- Held to be allowable.