https://www.taxtmi.com/caselaws?id=209007 The Tribunal upheld the disallowance of Rs. 21,43,220 as training expenses incurred for a director's foreign education. Despite the director's undertaking to work for the company, the Tribunal found discrepancies in the documentation and lack of evidence linking the education to the business. Relying on recent decisions, the Tribunal concluded the expenses were not wholly and exclusively for business purposes, affirming the CIT(A) and AO's decision to disallow the expenses. en-us Fri, 25 Feb 2011 00:00:00 +0530 Sat, 03 Aug 2013 10:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=209007 The Tribunal upheld the disallowance of Rs. 21,43,220 as training expenses incurred for a director's foreign education. Despite the director's undertaking to work for the company, the Tribunal found discrepancies in the documentation and lack of evidence linking the education to the business. Relying on recent decisions, the Tribunal concluded the expenses were not wholly and exclusively for business purposes, affirming the CIT(A) and AO's decision to disallow the expenses. Case-Laws Income Tax Fri, 25 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=209007