https://www.taxtmi.com/caselaws?id=401639 The Tribunal allowed the appeal filed by the Assessee, overturning the decision to disallow business expenditure for training programs related to quarrying and manufacturing activities. Emphasizing the importance of acquiring knowledge and skills for improved business management, the Tribunal held that the training expenses were directly connected to the business and should be allowed. The Tribunal recognized the genuine need for training to enhance management skills and implement better systems, ultimately concluding that the expenditure was legitimate and warranted its allowance. en-us Wed, 18 Nov 2020 00:00:00 +0530 Sat, 12 Dec 2020 17:43:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401639 The Tribunal allowed the appeal filed by the Assessee, overturning the decision to disallow business expenditure for training programs related to quarrying and manufacturing activities. Emphasizing the importance of acquiring knowledge and skills for improved business management, the Tribunal held that the training expenses were directly connected to the business and should be allowed. The Tribunal recognized the genuine need for training to enhance management skills and implement better systems, ultimately concluding that the expenditure was legitimate and warranted its allowance. Case-Laws Income Tax Wed, 18 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401639