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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Disallowance of the claim incurred towards fees paid to Babson ...

Case Laws     Income Tax

May 17, 2021

Disallowance of the claim incurred towards fees paid to Babson College, USA, for a management trainee - expenditure could not be treated as research & development expenses - Booking expenditure under a wrong head of expenditure cannot be a ground for disallowance. The expenditure was incurred for the purpose of business and hence the same is allowed. - AT

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