Bombay High Court Allows Deduction for Spouse's Foreign Travel Expenses Accompanying Director on Business Trip. The court held that the Tribunal was right in allowing the assessee's claim for foreign travel expenses of the spouse of a director under Section 37(1) of the Income Tax Act, 1961, as the expenditure was incurred wholly and exclusively for business purposes.
19 Aug 2005The case pertains to an income tax reference under Section 256(1) of the Income Tax Act, 1961, by the Commissioner of Income-tax, Bombay City-I, again...
