Disallowance u/s 37 - Expenditure on employee's education (son ...

Tax Dispute: Is Sponsoring Director's Son's Education a Legitimate Business Expense u/s 37?

August 24, 2013

Case Laws Income Tax AT

Disallowance u/s 37 - Expenditure on employee's education (son of Directors) - how assessee can say that decision to sponsor education of Employee was not influenced by parental love and affection of Directors - AT

View Source

← Previous Next →

Disallowance u/s 37 - Expenditure on employee's education (son ...

Tax Dispute: Is Sponsoring Director's Son's Education a Legitimate Business Expense u/s 37?

August 24, 2013

Case Laws Income Tax AT

You may also like:

Allowable revenue expenditure u/s 37 - training charges incurred on non-executive director - Assessee has sponsored the education of son of the M.D. What is relevance,...

WHEHTER THE EXPENSES INCURRED FOR THE EDUCATION ABROAD FOR THE SON/DAUGHTER OF A DIRECTOR OF A COMPANY CAN BE TREATED AS BUSINESS EXPENSES - Article

ITAT ruled against double taxation of personal credit card expenses initially disallowed under s.37(1) in company's returns. Where company had already acknowledged...

ITAT ruled against disallowance of transportation expenses, finding the Assessing Officer failed to establish statutory grounds u/s 37 for rejection. The tribunal...

Business expenditure u/s 37 -invocation of explanation to section 37 is uncalled for as the assessee has not made any expenses for purchase of diamonds rather entire...

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...

Disallowance of sales promotion expenses being gifts to doctors and hospitals - Allowable business expenditure u/s 37(1) - the MCA regulations are applicable to the...

TDS liability on education cess and higher education cess - assessee’s claim of deduction on account of education cess (EC) & secondary and higher education cess (SHEC)...

Expenditure claimed by the assessee to fund the higher education of its director had an intimate and direct connection with its business - expenditure allowed u/s 37(1) - HC

Allowability of deduction u/s 37(1) of the Act - Amount of service tax included with interest – expenses have direct nexus with the business operation - expense allowed - HC

Allowable revenue expenditure u/s 37(1) - Writing off of advance given to the Director - waiver of excess remuneration paid to the Director - The provisions of Section...

ITAT ruled in favor of taxpayer regarding expenses claimed under contractual arrangement with Max Life Insurance. The disputed amount, though related to service tax, was...

Allowable as business expenses - Small contributions to local people and institution on request of employees and business associates - Section 37 of the Act contemplates...

The case pertains to service tax liability arising from the sale/transfer of a business as a going concern by way of slump sale under the Income Tax Act, 1961. The issue...

The ITAT allowed deduction under Section 37 for education expenses sponsored for director's children, following precedent that educational sponsorship in...

Quick Updates: