Educational Expenses of Daughter of Assessee not to be Considered as Incurred for Purpose of Business by Assessee’s firm: ITAT denies Claim [Read Order]

By Taxscan Team - On October 22, 2022 10:16 am - 2 mins read

Educational Expenses of Daughter - Purpose of Business - Assessee’s firm - ITAT - Taxscan

The Ahmedabad Bench of the Income Tax Appellate Tribunal(ITAT), in a recent ruling in favour of the Revenue has held that, the educational expenses incurred for the daughter of the assessee’s firm shall not be considered as incurred for purposes of business. The Tribunal comprising Annapurna Gupta and Suchitra R Kamble had identified the issue…

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