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Income Tax - Highlights / Catch Notes

Home Highlights March 2015 Year 2015 This

Disallowance of gratuity and compensation, payment made to ...


Gratuity and compensation for closed unit's staff allowed despite business continuation; expenses deemed valid.

March 14, 2015

Case Laws     Income Tax     AT

Disallowance of gratuity and compensation, payment made to common support staff and expenses in respect of processing unit which was permanently closed down - closure of processing unit which has not resulted into closure of the textile business of the assessee as a whole - expenses allowed - AT

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