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Income Tax - Highlights / Catch Notes

Home Highlights December 2018 Year 2018 This

Allowable business expenditure - Personal expenditure - Expenses ...


Director's Daughter's Education Expenses Not Allowable as Business Expenditure; No Business Connection Found by Assessors.

December 22, 2018

Case Laws     Income Tax     AT

Allowable business expenditure - Personal expenditure - Expenses on education of the daughter of one of the directors of the assessee company - nowhere demonstrate that payments were made as part of the sponsoring agency for furtherance of the business interest of the assessee company - Additions confirmed.

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