9911796707
TMI Blog2013 (6) TMI 227X X X X Extracts X X X X X X X X Extracts X X X X ..... having regard to the finding that all the other units formed one business, the expenditure must be held to have been incurred in regard to such business - impugned expenditure was a business expenditure so entitled to deduction u/s 37. In favour of assessee. - - - - - Dated:- 8-3-2013 - DEVADHAR J. P., SANKLECHA M. S. JJ. JUDGMENT In this appeal by the Revenue for the assessment year 199 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... venue expenditure as the units of Jamshedpur and Jammu were closed during the years under consideration as a part of restructuring its business. The employees who did not opt for the voluntary retirement scheme were transferred to other units of the company as it was a continuing business. The respondent-assessee also claimed that there was centralised control and interlacing of management between ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rposes of restructuring so as to achieve odernisation. Further, the impugned order holds that the facts of the respondent-assessee's case were similar to the case of K. Ravindranathan Nair v. CIT [2001] 247 ITR 178 (SC). The Tribunal held that the voluntary retirement scheme offered due to labour problems or as part of the restructuring process would not make a difference. The fact is that the ass ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
