Mere fact that employees efficiency improves with learnings acquired through seminars cannot be treat such expenses as Capital Expenditures: Delhi HC [Read Order]
The Delhi HC holds that the mere fact that employee efficiency improves with learnings acquired through seminars cannot be treatedas such expenses as capital expenditures
The Delhi High Court has held that the mere fact that an employee’s efficiency improves with learnings acquired through seminars cannot be treated as such expenses as capital expenditures. The appellant/revenue challenged the order passed by the Income Tax Appellate Tribunal [“Tribunal”] which was in favour of ST Microelectronics Pvt Ltd, the respondent assessee. Mr…
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