Disallowances under section 37 case laws

[Suthesh Nair]

Dear Sir/ Madam

We are looking out towards case laws of either Madras High Court or Supreme Court towards disallowances under section 37 . Treating of Training expenses as Capital expenditure instead of Revenue

AI Summary

Debate on Training Expenses: Capital vs. Revenue under Section 37 of Income Tax Act; Insights from Case Laws Needed. A query was raised regarding case laws from the Madras High Court or Supreme Court on disallowances under section 37 of the Income Tax Act, specifically concerning the classification of training expenses as capital expenditure rather than revenue. One respondent suggested using Indian Kanoon for research, while another inquired about the nature of the training received and paid for. The discussion revolves around the treatment of training expenses in tax assessments.