The Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has held that the education expenses incurred by a company for its Director are eligible for deduction under the Income Tax Act, 1961. The Company claimed that the director was first promoter director of the assessee company and was qualified as B.S. in economics from […]
The post Company Eligible to Claim Deduction of Educational Expenses of Director: ITAT [Read Order] appeared first on Taxscan | Simplifying Tax Laws.
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