https://www.taxtmi.com/caselaws?id=38105 The High Court ruled in favor of the assessee, allowing the expenditure incurred on the director's daughter's foreign education as a deduction in determining the company's business profits for the assessment year 1961-62. The court emphasized the daughter's qualifications and her subsequent contribution to the company, finding the expenditure proper and beneficial despite the absence of a commitment for her service post-training. The court considered the close relationship between the directors and the daughter as assurance that the training would benefit the company, rejecting the Income-tax Officer's reasoning for disallowance. en-us Wed, 09 Nov 1977 00:00:00 +0530 Sat, 03 Apr 2010 12:13:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38105 The High Court ruled in favor of the assessee, allowing the expenditure incurred on the director's daughter's foreign education as a deduction in determining the company's business profits for the assessment year 1961-62. The court emphasized the daughter's qualifications and her subsequent contribution to the company, finding the expenditure proper and beneficial despite the absence of a commitment for her service post-training. The court considered the close relationship between the directors and the daughter as assurance that the training would benefit the company, rejecting the Income-tax Officer's reasoning for disallowance. Case-Laws Income Tax Wed, 09 Nov 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38105