https://www.taxtmi.com/caselaws?id=394829 The ITAT allowed the appeal, directing the disallowed training expenses of Rs. 22,33,843/- to be treated as a valid business expense under Section 37(1) of the Income Tax Act. The tribunal found the education sponsorship agreement relevant to the business, benefiting the company, and similar to precedents allowing deductions for educational expenses incurred for individuals contributing to the business post-education. en-us Mon, 10 Feb 2020 00:00:00 +0530 Mon, 27 Apr 2020 08:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394829 The ITAT allowed the appeal, directing the disallowed training expenses of Rs. 22,33,843/- to be treated as a valid business expense under Section 37(1) of the Income Tax Act. The tribunal found the education sponsorship agreement relevant to the business, benefiting the company, and similar to precedents allowing deductions for educational expenses incurred for individuals contributing to the business post-education. Case-Laws Income Tax Mon, 10 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394829