ITAT allows Course Fee Paid to Harward Business School for Director

Incom Cables Pvt. Ltd. Vs Addl. CIT (ITAT Delhi) In the present case, there is no dispute that the Director of the assessee Company who was looking after the functioning of the assessee Company, has joined to the course in Harward Business School and Management and the assessee Company has incurred the expenditure of Rs. 19,76,700/-. The said amount has been debited from assessee’s company as “Staff Training Expenses” in the P & L Account. The said expenditure which was incurred by the Company has been paid to Hardward Business School and Management for a management program i.e. “O...