Director’s education expenditure disallowed on failure to establish direct relationship with business activity

HVD Distributors Pvt. Ltd. Vs DCIT (ITAT Mumbai) ITAT Mumbai held that disallowance of Director’s education expenditure u/s 37(1) of the Income Tax Act sustained as assessee failed to prove such expenditure had direct relationship with the business activity. Accordingly, assessee failed to prove that expenditure were incurred wholly and exclusively for business. Facts- During the assessment proceedings, the assessee was asked to submit documents in support of its claim of education expenses. On perusal of the details, it was observed that expenses were incurred for the further study of Mr. H...