https://www.taxtmi.com/caselaws?id=203067 The Tribunal upheld the disallowance of foreign education expenses incurred by an assessee company for the director's son, Mr. Tushar Khanna, at Cornell University. The expenses were deemed personal rather than for the company's benefit, as the decision to send him for education was found to be pre-planned and not genuinely for business purposes. Citing legal precedents, the Tribunal dismissed the appeals for all assessment years, affirming the disallowance of the expenditures. The final judgment, pronounced on 27-10-2010, upheld the decision to disallow the foreign education expenses. en-us Wed, 27 Oct 2010 00:00:00 +0530 Thu, 03 Dec 2015 13:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=203067 The Tribunal upheld the disallowance of foreign education expenses incurred by an assessee company for the director's son, Mr. Tushar Khanna, at Cornell University. The expenses were deemed personal rather than for the company's benefit, as the decision to send him for education was found to be pre-planned and not genuinely for business purposes. Citing legal precedents, the Tribunal dismissed the appeals for all assessment years, affirming the disallowance of the expenditures. The final judgment, pronounced on 27-10-2010, upheld the decision to disallow the foreign education expenses. Case-Laws Income Tax Wed, 27 Oct 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=203067