https://www.taxtmi.com/caselaws?id=66463 The Tribunal dismissed the revenue's appeals, affirming the allowance of deductions for payments to the National Institute by the individual business management consultant under section 37 of the Income-tax Act, 1961. The Tribunal held that although section 35(1)(iii) specifically pertains to business and not profession, the payments were essential for the consultant's profession and thus admissible under section 37. en-us Fri, 31 Aug 1984 00:00:00 +0530 Thu, 24 Feb 2011 18:07:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66463 The Tribunal dismissed the revenue's appeals, affirming the allowance of deductions for payments to the National Institute by the individual business management consultant under section 37 of the Income-tax Act, 1961. The Tribunal held that although section 35(1)(iii) specifically pertains to business and not profession, the payments were essential for the consultant's profession and thus admissible under section 37. Case-Laws Income Tax Fri, 31 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66463