Monday, December 3, 2018

ITAT remanded matter relating to allowing exp. incurred on education of grandson of directors of co.

IT : Where reveune authorities rejected assessee's claim for deduction of educational expenses incurred on grandson of one of directors of company without taking into consideration plea that said grandson of director of assessee-company had contributed to functioning of assessee's business, impugned order was to be set aside and, matter was to be remanded back for disposal afresh

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