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2018 (7) TMI 491 - HC - Income TaxAllowable busniss expense - son of one of the directors was sent abroad for acquiring degree in 'Business Administration' and expenditure incurred for higher education was claimed as deduction which was sought to be supported by contract/agreement - direct nexus with the business activities of the Appellant-Assessee - Held that:- Amount which is claimed by the Appellants-Assessee as deductible allowance was not incurred wholly and exclusively for the purpose of business of the Appellants-Assessee. - Decided against assessee.
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