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

HIGH COURT OF MADHYA PRADESH Commissioner of Income-tax V/s. Naidunia News and Network Ltd. IT Appeal NO. 15 OF 2011 JULY 3, 2012 ORDER 1. This order will govern the disposal of ITA No. 15/2011 and ITA No. 16/2011 which have been filed against the common order of the Income Tax Appellate Tribunal, Bench Indore dated 30.12.2010 passed in ITA No. 9 & 10/Ind/2010 A.Y. 2005-06 & 2006-07 involving the identical issue. 2. Learned counsel for the appellant at the time of argument has raised two issues; firstly that the Tribunal was not justified in allowing the claim of expen...