https://www.taxtmi.com/caselaws?id=371761 The Kerala High Court upheld the Tribunal's decision to disallow a publishing company's claim for reimbursement of higher education expenses incurred for a director's son studying in the USA. The Court agreed that the expenditure could not be claimed as a business expense under Section 37 of the Income Tax Act since the individual sent for studies was not directly connected to the company's business activities. The Court emphasized the lack of a formal business arrangement in the reimbursement decision, ultimately ruling in favor of the revenue and dismissing the appeal. en-us Tue, 27 Nov 2018 00:00:00 +0530 Fri, 09 Oct 2020 17:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=371761 The Kerala High Court upheld the Tribunal's decision to disallow a publishing company's claim for reimbursement of higher education expenses incurred for a director's son studying in the USA. The Court agreed that the expenditure could not be claimed as a business expense under Section 37 of the Income Tax Act since the individual sent for studies was not directly connected to the company's business activities. The Court emphasized the lack of a formal business arrangement in the reimbursement decision, ultimately ruling in favor of the revenue and dismissing the appeal. Case-Laws Income Tax Tue, 27 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=371761