https://www.taxtmi.com/caselaws?id=215385 The Tribunal allowed the company's claim for expenditure on the foreign education of an individual treated as an employee, considering it solely for business purposes based on factual findings. The disallowance of interest on an unsecured loan was also overturned by the Tribunal, as the funds were used for business without diversion for non-business purposes. The appeals were dismissed due to the factual nature of the issues and the Tribunal's conclusive findings. en-us Tue, 03 Jul 2012 00:00:00 +0530 Wed, 01 Aug 2012 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215385 The Tribunal allowed the company's claim for expenditure on the foreign education of an individual treated as an employee, considering it solely for business purposes based on factual findings. The disallowance of interest on an unsecured loan was also overturned by the Tribunal, as the funds were used for business without diversion for non-business purposes. The appeals were dismissed due to the factual nature of the issues and the Tribunal's conclusive findings. Case-Laws Income Tax Tue, 03 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215385