HC allows expense on Foreign Education & Training of Partner related to Business who continued after education

Aswathanarayana & Eswara Vs DCIT (Madras High Court)

Expenditure incurred by assessee-firm on partner’s foreign education was to be allowed as deduction when such education was directly related to profession carried on by firm – Madras HC

Legal Provisions involved

Any expenditure not being in the nature of personal expenses of the assessee laid out or expended wholly and exclusively for the purposes of the business or profession shall be allowed as deduction in computin

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