1993 (9) TMI 42

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..... his reference under section 256(1) of the Income-tax Act, 1961, the Income-tax Appellate Tribunal has referred the following question of law to this court for opinion : "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the expenditure of Rs. 60,678 incurred for management training of Shri Vijaykumar Kejriwal, a partner of the assessee-firm, was a .....

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..... he same time when Vijaykumar was sent for higher studies to the U.S.A. as aforesaid. The age of Shri Vijaykumar was 21 at the material time. The assessee claimed that the expenditure amounting to Rs. 60,678 incurred by the assessee for the training of Shri Vijaykumar Kejriwal be allowed as business expenditure. The Income-tax Officer rejected the claim of the assessee on the ground that the expend .....

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..... xpenditure incurred by the assessee has no nexus with the business of the assessee. We agree with the conclusion arrived at by the Income-tax Officer and the Commissioner of Income-tax (Appeals). In the light of the above discussion, we answer the question referred to us in the negative, i.e., in favour of the Revenue and against the assessee. No order as to costs. - - TaxTMI - TMITax - In .....

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