Training Education of Partner allowed as deduction

Madras High Court in the case of Addl. CIT v. Southern Leather Industries, 164 ITR 194, held expenditure incurred by partners of a firm for undertaking foreign tours to attend an international trade fair, as revenue expenditure. Calcutta High Court in the case of Hindustan Aluminium Corporation Ltd. v. CIT, 159 ITR 673, held that expenditure incurred on training of employees in the USA in running an aluminium factory was held to be an allowable deduction.

Madhya Pradesh High Court in the case of CIT v. Kohinoor Paper Products, 226 ITR 220 found that the expenditure incurred was not in the nature of capital expenditure or for personal expenses, but was expended wholly and exclusively for the purpose of business of the assesse.