Assessee-company had claimed an expenditure of a sum on account of travelling of its Managing Director to Taiwan. In support of said claim assessee submitted that main object of foreign travel undertaken by its Managing Director was to explore possibility of expanding export sales and to acquaint company regarding latest automation machinery concept. Assessing Officer disallowed claim holding that assessee had not proved that expenditure was in connection with its business. It was found from records that assessee was able to make export to Taiwan as a result of its Managing Director’s visit to that place and revenue had not disputed genuineness of export sales. It was held that it could be said that visit of Managing Director to place-in-question was in connection with business - Income-tax Officer v. Krishnonics Ltd. - [2009] 119 ITD 49 (AHD.) IT APPEAL NO. 3667 (AHD.) OF 2002]
