https://www.taxtmi.com/caselaws?id=62784 The Tribunal allowed the assessee's appeals for the assessment years 1974-75 and 1975-76 regarding shifting expenses and depreciation claims, respectively, while dismissing the revenue's appeals on all counts. The Tribunal held that the shifting expenses were necessary for continuing the business and qualified as revenue expenditure. Additionally, the payment for commercial use of the building was considered part of the building's cost for depreciation purposes. The compensation received for termination of tenancy was deemed a capital receipt, not a revenue receipt. The provision for gratuity was disallowed due to non-compliance with statutory conditions. en-us Mon, 18 Oct 1982 00:00:00 +0530 Fri, 21 Jan 2011 17:15:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62784 The Tribunal allowed the assessee's appeals for the assessment years 1974-75 and 1975-76 regarding shifting expenses and depreciation claims, respectively, while dismissing the revenue's appeals on all counts. The Tribunal held that the shifting expenses were necessary for continuing the business and qualified as revenue expenditure. Additionally, the payment for commercial use of the building was considered part of the building's cost for depreciation purposes. The compensation received for termination of tenancy was deemed a capital receipt, not a revenue receipt. The provision for gratuity was disallowed due to non-compliance with statutory conditions. Case-Laws Income Tax Mon, 18 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62784