ITAT Allows Appeal Filed by Harish Salve; Upholds Expense Incurred in Abroad Study to be Professional Expense

The Income Tax Appellate Tribunal (ITAT) New Delhi has accepted the claim of Senior Counsel Harish Salve for deduction of foreign scholarship give by him to two Indian students under the head of expenditure solely and exclusively for business or profession u/s 37(1) of Income Tax Act 1961. u/s 37(1), expenses for purposes of profession

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