Expense on medical treatment of eyes is Personal Expenditure: HC

Dhimant Hiralal Thakar vs CIT (Bombay High Court)- Requirement to claim a deduction under Section 37 which is a residuary provision is that the expenditure must not be of the nature described in section 30 to 36; secondly the expenditure must not be capital in nature; thirdly the expenditure must have been laid down wholly and exclusively for the purpose of business/profession of the assessee; and fourthly the expenditure must not be personal in nature. Applying these requirements of the statutory provision and the settled position in law as noted by us in the above decisions, we have no hesit...