Home › Income-Tax Act › Indian Metal and Ferro Alloys Ltd. v. CIT (2022) 287 Taxman 320/212 DTR 177/326 CTR 161 (Orissa)(HC).Editorial: SLP of assessee dismissed , Indian Metals and Ferro Alloys Ltd. v. CIT (2022) 289 Taxman 146 (SC)

Indian Metal and Ferro Alloys Ltd. v. CIT (2022) 287 Taxman 320/212 DTR 177/326 CTR 161 (Orissa)(HC).Editorial: SLP of assessee dismissed , Indian Metals and Ferro Alloys Ltd. v. CIT (2022) 289 Taxman 146 (SC)

S. 37(1) : Business expenditure-Foreign travel expenditure-Directors-Failure to file any details-Justified in in disallowing 20 per cent of expenditure.

Held that the Assessing Officer was justified in disallowing 20 per cent of such expenditure. (AY. 2009-10)