https://www.taxtmi.com/caselaws?id=249180 The court concluded that the expenditure on remuneration and training of the working Director was not incurred for business purposes and was rightly disallowed under section 37 of the Income Tax Act, 1961. The court found that the authorities' findings were not erroneous, and no substantial question of law was involved. The Appeals were dismissed, and the Appellant-Assessee was ordered to pay costs of Rs. 50,000 to the Respondents. en-us Thu, 03 Jul 2014 00:00:00 +0530 Wed, 20 Aug 2014 18:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=249180 The court concluded that the expenditure on remuneration and training of the working Director was not incurred for business purposes and was rightly disallowed under section 37 of the Income Tax Act, 1961. The court found that the authorities' findings were not erroneous, and no substantial question of law was involved. The Appeals were dismissed, and the Appellant-Assessee was ordered to pay costs of Rs. 50,000 to the Respondents. Case-Laws Income Tax Thu, 03 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=249180