https://www.taxtmi.com/caselaws?id=70641 The Tribunal allowed retrenchment compensation as a deductible expenditure for a company engaged in liquor distribution and van hiring activities, considering them as part of an integrated business. Despite the withdrawal of the liquor distribution license, the ongoing van hiring business indicated continuous operations. The Tribunal reversed the CIT(A)'s decision, directing the Assessing Officer to permit the deduction, emphasizing the interconnected nature of the company's activities. en-us Thu, 30 Jan 1992 00:00:00 +0530 Mon, 18 Apr 2011 12:31:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70641 The Tribunal allowed retrenchment compensation as a deductible expenditure for a company engaged in liquor distribution and van hiring activities, considering them as part of an integrated business. Despite the withdrawal of the liquor distribution license, the ongoing van hiring business indicated continuous operations. The Tribunal reversed the CIT(A)'s decision, directing the Assessing Officer to permit the deduction, emphasizing the interconnected nature of the company's activities. Case-Laws Income Tax Thu, 30 Jan 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70641