Allowability of expenditure incurred on higher education abroad of grandson of firm’s partners working there as an apprentice

In the absence of written agreement to join back the firm, the expenditure incurred on higher education abroad of grandson of firm’s partners working there as an apprentice cannot be claimed as business expenditure. Pushpsons International Vs ACIT (ITAT Delhi) – The agreement to serve has not been placed on record and its terms have not been paraphrased in any submission. Further, it has not been shown that the understanding, if any, came to an end only when he became a partner and not when he left India. Factually, no service has been rendered to the assessee in the period of abse...