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2011 (4) TMI 454 - AT - Income TaxStaff training, welfare and traveling expenses - Foreign traveling - the grand-son of one of the partners had worked for a short period as apprentice - Joining the firm as partner is only incidental. The major portion of his income was by way of salaries. The facts of the case do not show that the business of the assessee-firm increased. In fact, there was a reduction in turnover - It is clearly that the foreign education was not undertaken in the course of business of the assessee - The same was obtained for pursuing successful career thereafter - The absence of any prior agreement and bond may also not be conclusive in the matter but they point towards the same - Further, the agreement of partnership is terminable at will and it is not known whether any restrictions were placed on him in the agreement for continuing as partner for any noticeable length of time - Decided against the assessee.
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