The Tribunal held that there was no infirmity in the order passed by the Commissioner (Appeals) restricting the disallowance to 10 per cent. of the foreign travel expenses incurred and Motor Car Expenditure to directors. (AY. 2010-11, 2011-12).
Dy. CIT v. S. Kumars Nationwide Ltd. (2022) 97 ITR 60 (SN) (Mum) (Trib)
S. 37(1) : Business expenditure-Foreign Travel expense-Expenses or payments not deductible-Excessive or unreasonable-Motor Car Expenditure to director-Restriction of disallowance to 10% is held to be justified.[S. 40A(2)]