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<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> High Court of Bombay <br /><br /> Expenditure on solicitor’s eye operation not business expense<br /><br /> MANU/MH/2921/2015 - (28 Oct 2015)<br /><br /> </td> </tr> <tr> <td align="left" valign="top">Dhimant Hiralal Thakar v. The Commissioner of Income Tax B.C. II</td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>The Bombay High Court upheld an order of the ITAT excluding expenditure by the Assessee on eye treatments to improve vision. The Tribunal had determined eyes to be “an important organ for…effective living of every human being”; as such expenditure on the same was not wholly and exclusively for the purpose of a profession, it fell within the remit of ‘personal expense’. The Court opined, though expenditure incurred for purposes of business could provide incidental third-party benefit, expenditure to improve vision rendered benefits to professional activity incidental.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Relevant : CIT, Delhi vs. Delhi Safe Deposit Co.Ltd. <manuid>MANU/SC/0136/1982</manuid> Section 31 Income Tax Act, 1961 nActCompID=40532</strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : Personal expense, business, tax, deduction</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>