Deletion of Disallowance of Expenditure on Education u/s 37 of Income Tax Act is justified as Assessee Furnished Detailed Information Related to Education fees of Director: ITAT Dismisses Revenue Appeal

By Ipsita Das - On October 13, 2023 6:00 am - 2 mins read
Deletion - Disallowance of Expenditure - Income Tax Act- Education fees - Director - ITAT - Revenue Appeal - taxscan

The Ahmedabad Bench of Income Tax Appellate Tribunal (ITAT) held that the deletion of the disallowance of Education Expenditure under Section 37 of the Income Tax Act,1961 is justified because the assessee provided detailed information regarding Director’s Education Fees. The assessee M/s. Iris Products filed original return of income for assessment year 2013-14 declaring total…

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