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Income Tax - Highlights / Catch Notes

Home Highlights September 2018 Year 2018 This

Disallowance of foreign education and training expenses of ...

Income Tax

September 17, 2018

Disallowance of foreign education and training expenses of partner as being not related to the business of the firm - this Court is fully satisfied that this is not a case where there is a misuse of the provision of Section 37 of the Act to foist a personal expenditure as a business expenditure. - Expense allowed.

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