https://www.taxtmi.com/caselaws?id=184987 The Tribunal upheld the disallowance of expenditure of Rs. 5,04,766/- for education expenses incurred in foreign currency due to lack of evidence and violation of Section 13(3) of the Income Tax Act. However, it reversed the decision on disallowance of depreciation on assets, allowing the claim based on High Court rulings and the principle of preserving the trust's corpus. The appeal was partly allowed, considering the prospective amendment to Section 11(6) effective from AY 2015-16. en-us Fri, 08 Jan 2016 00:00:00 +0530 Wed, 27 Jul 2016 12:32:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=184987 The Tribunal upheld the disallowance of expenditure of Rs. 5,04,766/- for education expenses incurred in foreign currency due to lack of evidence and violation of Section 13(3) of the Income Tax Act. However, it reversed the decision on disallowance of depreciation on assets, allowing the claim based on High Court rulings and the principle of preserving the trust's corpus. The appeal was partly allowed, considering the prospective amendment to Section 11(6) effective from AY 2015-16. Case-Laws Income Tax Fri, 08 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=184987