https://www.taxtmi.com/highlights?id=58002 Disallowance of the claim incurred towards fees paid to Babson College, USA, for a management trainee - expenditure could not be treated as research & development expenses - Booking expenditure under a wrong head of expenditure cannot be a ground for disallowance. The expenditure was incurred for the purpose of business and hence the same is allowed. - AT en-us Mon, 17 May 2021 14:31:58 +0530 Mon, 17 May 2021 14:31:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58002 Disallowance of the claim incurred towards fees paid to Babson College, USA, for a management trainee - expenditure could not be treated as research & development expenses - Booking expenditure under a wrong head of expenditure cannot be a ground for disallowance. The expenditure was incurred for the purpose of business and hence the same is allowed. - AT Highlights Income Tax Mon, 17 May 2021 14:31:58 +0530 https://www.taxtmi.com/highlights?id=58002