https://www.taxtmi.com/caselaws?id=303776 The Tribunal dismissed the appeal, upholding decisions on two issues: 1) Expenditure on education of Directors' children was not considered a valid business expense, based on precedents from the Madras High Court. 2) Disallowance under Section 14A of the Income-tax Act was upheld, with the Tribunal finding Rule 8D mandatory for computing disallowance and confirming the decision of the CIT(Appeals). en-us Fri, 03 Jul 2015 00:00:00 +0530 Fri, 12 Aug 2022 20:40:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=303776 The Tribunal dismissed the appeal, upholding decisions on two issues: 1) Expenditure on education of Directors' children was not considered a valid business expense, based on precedents from the Madras High Court. 2) Disallowance under Section 14A of the Income-tax Act was upheld, with the Tribunal finding Rule 8D mandatory for computing disallowance and confirming the decision of the CIT(Appeals). Case-Laws Income Tax Fri, 03 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=303776