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2009 (12) TMI 655 - KARNATAKA HIGH COURTDeduction under section 80-IA of the Act - assessee-company has sponsored two of its directors for higher education in connection with the specialised intensive training in the field of general management, marketing, finance and information technology, including project strategy, with a condition that after securing higher education, they should serve the assessee-company as directors, contending that the sponsorship of two directors is for the benefit of the company and the Assessing Officer did not consider the deductions claimed for the education of the two directors only on the ground that they are the children of the managing director – Held that:- matter is remanded to the Assessing Officer only to consider whether the appellant is entitled to claim deduction in respect of the amount spent by the appellant-company to educate its two directors under section 37(1) of the Income-tax Act and also to consider the claim under section 80-IA of the Act. matter is remanded
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