Tribunal held that the business conference was accepted by the Assessing Officer as incidental to the business of the assessee in the field of direct selling. However in view of the failure of the assessee to produce the relevant documentary evidence in the form of bills and vouchers to support and substantiate the claim, he disallowed the claim of the assessee for business conference expenses to the extent of 50 per cent. Keeping in view all the facts and circumstances of the case as well as the nature of assessee\u2019s business, the disallowance of 50 per cent. made by the Assessing Officer was on the higher side and it would be fair and reasonable to restrict it to 20 per cent.\u00a0 Tribunal also held that\u00a0 the flight booking expenses were in respect of the employees of the assessee and since the expenses were incurred wholly and exclusively for the purpose of the assessee\u2019s business, the disallowance made by the Assessing Officer to that extent was not sustainable. Keeping in view all the facts and circumstances of the case including especially the nature of assessee\u2019s business, the flight booking expenses were necessary for the purpose of the assessee\u2019s business and there was no justifiable reason to disallow them. ( AY.2015-16)<\/p>\n","protected":false},"excerpt":{"rendered":"
S.37(1): Business expenditure -Driver\u2019s salary and fuel and lubricant expenses \u2014Disallowance of fifty Per Cent is restricted to twenty Per Cent. \u2014 Conference expenses \u2014 Flight booking expenses \u2014Deductible. <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-14160","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-3Go","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=14160"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14160\/revisions"}],"predecessor-version":[{"id":14161,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/14160\/revisions\/14161"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=14160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=14160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=14160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}