https://www.taxtmi.com/caselaws?id=363183 The Court disallowed the business expenditure claimed by the Appellant for the higher education and training of a director's son, finding that the expenditure lacked a direct nexus with the company's business activities. Despite a contract committing the son to serve the company for ten years post-education, the Court deemed the expenditure as not solely for the business's benefit. Citing precedents where similar deduction claims were dismissed, the Court ruled in favor of the Revenue, upholding the disallowance of the claimed deduction. en-us Fri, 06 Jul 2018 00:00:00 +0530 Mon, 09 Jul 2018 08:26:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363183 The Court disallowed the business expenditure claimed by the Appellant for the higher education and training of a director's son, finding that the expenditure lacked a direct nexus with the company's business activities. Despite a contract committing the son to serve the company for ten years post-education, the Court deemed the expenditure as not solely for the business's benefit. Citing precedents where similar deduction claims were dismissed, the Court ruled in favor of the Revenue, upholding the disallowance of the claimed deduction. Case-Laws Income Tax Fri, 06 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363183