Education expenses - the expenses incurred by the assessee ...

Company's Director Education Expenses Deemed Essential for Business Operations Under Tax Rules.

October 22, 2019

Case Laws Income Tax AT

Education expenses - the expenses incurred by the assessee company on the education of its director who was pursuing a management course, can safely be held to have been incurred wholly and exclusively for the purpose of its business.

View Source

← Previous Next →

Education expenses - the expenses incurred by the assessee ...

Company's Director Education Expenses Deemed Essential for Business Operations Under Tax Rules.

October 22, 2019

Case Laws Income Tax AT

You may also like:

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...

Disqualification upon the petitioners for acting as Directors of Companies - Deactivation of DIN - Section 164(2) must be given only prospective operation and the...

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

The appeal filed by the assessee company was dismissed by the Income Tax Appellate Tribunal on the grounds that the Form 36 (memo of appeal) was not duly verified as per...

Allowable business expenses - There is difference between commencement of the business and setting off of the business. All the expenses incurred pre-commencement are to...

Expenses incurred in respect of foreign education of the Director - the main purpose as per the company is that education of director would be useful in expanding the...

Liability of one of an independent Director of a Company under Section 141 of N.I. Act for the dishonour of the cheque issued by the original accused on behalf of the...

Related companies – TP rules may apply to domestic operations – SC sends suggestions to Central Government

Deemed dividend u/s 2(22)(e) is not taxable in the hands of the assessee company if it is not a shareholder in the companies that extended loans. It is chargeable to tax...

Dishonor of Cheque - vicarious liability of Directors in the company - There is no specific averment in the complaint to the effect that the petitioners who are all the...

Companies (Appointment and Qualification of Directors) Second Amendment Rules, 2020 - Notification

Companies (Appointment and Qualification of Directors) Amendment Rules, 2018 - Notification

Companies (Director Identification Number) Amendment Rules,2012. - Notification

Foreign tour expenses - Expenses for business purpose or not – assessee failed to demonstrate that trips undertaken by the Directors of the assessee company was for the...

HC ruled in favor of company directors, quashing criminal proceedings under NI Act for dishonored cheques. Court determined petitioners successfully demonstrated they...

Quick Updates: