https://www.taxtmi.com/caselaws?id=394622 The Tribunal allowed the appeal, directing the Assessing Officer to delete the disallowance of the scholarship expense under section 37 of the Income Tax Act. The Tribunal emphasized the nexus between the expenditure and the appellant's professional services, noting the importance of promoting one's professional profile in innovative ways. The decision was based on the nature and necessity of the expenditure for the appellant's business, highlighting that it was revenue expenditure and not capital in nature. en-us Thu, 06 Feb 2020 00:00:00 +0530 Fri, 17 Apr 2020 10:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394622 The Tribunal allowed the appeal, directing the Assessing Officer to delete the disallowance of the scholarship expense under section 37 of the Income Tax Act. The Tribunal emphasized the nexus between the expenditure and the appellant's professional services, noting the importance of promoting one's professional profile in innovative ways. The decision was based on the nature and necessity of the expenditure for the appellant's business, highlighting that it was revenue expenditure and not capital in nature. Case-Laws Income Tax Thu, 06 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394622