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Archive: 01 August 2012

Posts in 01 August 2012

Expenditure on studies of bona fide employee can’t be disallowed merely because he was son of an ex-director

August 1, 2012 468 Views 0 comment Print

Shri Siddharth Chhajlani was a regular employee of the assessee Company since financial year 2003-04 and has taken note of the salary certificate along with the deduction and payment to Employee’s Provident Fund. It has also been noted that Shri Siddharth Chhajlani was sent for higher studies in printing technology, which is the main field of working of the assessee Company and a bond was got executed to ensure that he will work for at least 5 years after return to India.

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