https://www.taxtmi.com/caselaws?id=103344 An addition for alleged unaccounted sales after a search could not be sustained where the search material supported an inference only up to the date of search and no evidence existed for the post-search period; the addition was deleted. On employee payments, gratuity was treated as an allowable deduction on the facts, but retrenchment compensation paid on transfer of the business was disallowed because it was not expenditure incurred for carrying on the business and was not a revenue outgoing. en-us Mon, 06 May 2002 00:00:00 +0530 Wed, 22 Feb 2012 14:37:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=103344 An addition for alleged unaccounted sales after a search could not be sustained where the search material supported an inference only up to the date of search and no evidence existed for the post-search period; the addition was deleted. On employee payments, gratuity was treated as an allowable deduction on the facts, but retrenchment compensation paid on transfer of the business was disallowed because it was not expenditure incurred for carrying on the business and was not a revenue outgoing. Case-Laws Income Tax Mon, 06 May 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=103344