Company Director Liable for Son's Education Costs; Not Considered Business Expenses for Tax Purposes.

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....The Managing Director of the company is personally responsible for meeting the expenditure of his son’s education. The expenditure incurred by the assessee for providing higher education to the Managing Director’s son cannot be considered as business expenditure - AT....