ITAT allowed deduction of sum spent by 'Harish Salve' on Oxford Scholarship of students

INCOME TAX: Where assessee, a leading Advocate, paid an amount towards scholarship of two Indian students in a foreign university for creating his visibility in International arena and his social standing and same had increased lot of value in CV of assessee which had led him to be part of certain committees of repute in a foreign country, amount spent towards scholarship would be allowed as business expenditure

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