2012 (8) TMI 70

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....11 which have been filed against the common order of the Income Tax Appellate Tribunal, Bench Indore dated 30.12.2010 passed in ITA No. 9 & 10/Ind/2010 A.Y. 2005-06 & 2006-07 involving the identical issue. 2. Learned counsel for the appellant at the time of argument has raised two issues; firstly that the Tribunal was not justified in allowing the claim of expenditure incurred for foreign educa....

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.... an employee of the assessee working as Assistant Manager (Printing) and he was sent by the assessee to have advanced knowledge of latest printing technology which was directly related with the business of the assessee-Company. Such a finding of the Tribunal is a pure finding of fact. 4. While arriving at the aforesaid finding of fact, the Tribunal has noted that Shri Siddharth Chhajlani was a ....

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....taking studies in printing technology at London and also on his return from London. The relevant certificates relating to completion of the advanced diploma in Information Technology (Printing) from College of Applied Sciences, London have been taken note of. It has been found that the expenditure in question was incurred wholly and exclusively for the purpose of business of the assessee Company. ....

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....ile arriving at the said finding. Learned counsel for the appellant could not point out any error in the finding so arrived at by the Tribunal. Thus the issue which the appellant is raising is concluded by the finding of fact recorded by the Tribunal. 6. The second argument by the learned counsel for the appellant is in respect of the interest on unsecured loan allowed by the Tribunal in view o....