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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Deduction u/s 35DDA - Retrenchment compensation paid on the ...


Retrenchment compensation from Kalamassery unit closure qualifies for deduction u/s 35DDA, despite other units remaining open.

February 20, 2019

Case Laws     Income Tax     HC

Deduction u/s 35DDA - Retrenchment compensation paid on the closure of the assessee's manufacturing unit in Kalamassery - one unit out of three closed down - claim of deduction cannot be denied.

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