https://www.taxtmi.com/caselaws?id=14260 Expenditure by a firm on a partner's son's foreign education and training was treated as personal rather than business expenditure because the arrangement was in substance a father's provision for his son, not a deputation for the firm's business needs. The agreement was regarded as a colourable form lacking commercial substance, so the spending was not laid out wholly and exclusively for business purposes. The expenditure was therefore not allowable as a deduction in the firm's hands, and the issue was decided against the assessee. en-us Wed, 13 Dec 2000 00:00:00 +0530 Mon, 05 Jan 2026 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14260 Expenditure by a firm on a partner's son's foreign education and training was treated as personal rather than business expenditure because the arrangement was in substance a father's provision for his son, not a deputation for the firm's business needs. The agreement was regarded as a colourable form lacking commercial substance, so the spending was not laid out wholly and exclusively for business purposes. The expenditure was therefore not allowable as a deduction in the firm's hands, and the issue was decided against the assessee. Case-Laws Income Tax Wed, 13 Dec 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14260