Allowable revenue expenditure u/s 37 - training charges incurred ...

Sponsoring MD's Son's Education Can Be Allowable Business Expense u/s 37 If Relevant and Beneficial.

April 27, 2020

Case Laws Income Tax AT

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, whether the person who was sponsored, is relevant for the existing business and whether the business benefitted. If it is yes, then it is valid business expenditure, to be allowed - AT

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Allowable revenue expenditure u/s 37 - training charges incurred ...

Sponsoring MD's Son's Education Can Be Allowable Business Expense u/s 37 If Relevant and Beneficial.

April 27, 2020

Case Laws Income Tax AT

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