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2012 (8) TMI 70 - HC - Income TaxClaim of expenditure incurred for foreign education of company's ex director's son - Held that:- Considering material placed on record that Shri Siddharth Chhajlani was an employee of the assessee Company not only before going but even during the period he was undertaking studies in printing technology at London and also on his return from London which was directly related with the business of the assessee Company. Interest on unsecured loan in view of Section 14A and 36(1) (iii) - Held that:- As the assessee had properly utilized the amount of interest bearing funds for the purpose of its business only and there was no diversion of such interest bearing funds for non-business purposes while allowing the interest expenditure - appeals do not involve any question of law.
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