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2007 (11) TMI 539 - AT - Income TaxBusiness expenditure - Assessee was a private limited company promoted by a family - It appointed ‘D’, i.e., one of members of family, as a director and claimed deduction under section 37(1) in respect of director’s training expenses - Whether, on facts, there was no nexus between expenditure incurred and purpose of business, and, therefore, assessee’s claim was rightly rejected by authorities.
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