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Allowable exepenses for Partnership firm

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(Querist)
12 October 2010 Is expenses for Partner's Sons Higher Education (Technical) is allowable expenses for Partnership Firm. this expenses is for future benefit of firm.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
12 October 2010 Couts have taken divergent views on the issue raised, not on account of difference in principle but in relation to the facts of the case. A case aginst the assessee is given hereunder held on the view that it is personal expenses.
M. Subramaniam Bros Vs. CIT (2001) 250 ITR 769 (Mad).
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CA.Pujah

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CA.Pujah (Expert)
13 October 2010 This is more of a personal expense. And the claim that it is for future benefit of firm doesn't seem justifiable.
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