Allowing the appeal of the assessee the Court held that  Foreign travel expenditure , expenditure incurred in effecting overseas payment to Stehlin Associates , Paris France in connection with the acquisition of Belair France and expenditure on repair and maintenance is held to be allowable as the bonafide expenditure was incurred wholly and exclusively for the purpose of business. Followed CIT v. Bombay Dyeing & Mfg. Co. Ltd (1996 ) 219 ITR 521(SC) Referred  S.A.Builders Ltd v CIT ( 2007) 288 ITR 1 (SC).( CA Nos 10 ,&11 of 2019 dt 25 -9-2020) (AY.2010-11 )