https://www.taxtmi.com/caselaws?id=211636 The delay in filing and re-filing the appeal was condoned as the senior standing counsel for the Revenue did not object. However, the appeal challenging the deductibility of education expenditure was dismissed. The Tribunal found the expenditure was personal, lacking a business connection, as the director did not commit to working for the company post-education. The judgment emphasized that personal expenses cannot be claimed under Section 37 of the Income Tax Act, as the education expenditure did not meet the criteria of being wholly and exclusively for business purposes. en-us Mon, 12 Mar 2012 00:00:00 +0530 Wed, 11 Jul 2012 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211636 The delay in filing and re-filing the appeal was condoned as the senior standing counsel for the Revenue did not object. However, the appeal challenging the deductibility of education expenditure was dismissed. The Tribunal found the expenditure was personal, lacking a business connection, as the director did not commit to working for the company post-education. The judgment emphasized that personal expenses cannot be claimed under Section 37 of the Income Tax Act, as the education expenditure did not meet the criteria of being wholly and exclusively for business purposes. Case-Laws Income Tax Mon, 12 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211636