https://www.taxtmi.com/forum/issue?id=113878 Disallowance under section 37 turns on whether employee training costs are revenue deductible or capital in nature; recurring or skill-maintenance expenses lean toward revenue treatment, while training conferring enduring benefits or creating capital-like advantages is treated as capital and disallowed. The essential question is application of judicial criteria distinguishing capital from revenue character for training expenditures. en-us Mon, 18 Jun 2018 12:29:14 +0530 Thu, 23 Jan 2025 15:55:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113878 Disallowance under section 37 turns on whether employee training costs are revenue deductible or capital in nature; recurring or skill-maintenance expenses lean toward revenue treatment, while training conferring enduring benefits or creating capital-like advantages is treated as capital and disallowed. The essential question is application of judicial criteria distinguishing capital from revenue character for training expenditures. Discussion-Forum Income Tax Mon, 18 Jun 2018 12:29:14 +0530 https://www.taxtmi.com/forum/issue?id=113878