No deduction for education expenses incurred prior to set up of business

Shri Harshvardhan Johari Vs DCIT (ITAT Jaipur) Conclusion:  Assessee-sole proprietor was not eligible for a tax deduction for his own education expenses as the same could not be treated as business expenses and the point in time when the expenditure was incurred, the business of the assessee was not set up. Held: The question for consideration was where assessee, an individual, who was engaged in the business of trading in bullion and base metal through his sole proprietorship concern, incurred expenditure on his own education whereby he pursued graduate i.e, B.SC (Hons) course in management...