https://www.taxtmi.com/caselaws?id=211023 The High Court upheld the Tribunal's decision in a case concerning expenditure treatment, specifically severance costs and marketing research expenses. The court affirmed that the assessee's suspension of manufacturing "Tang" did not constitute a business closure as other business activities continued. The severance costs were considered revenue expenditure due to the ongoing business operations, leading to the dismissal of the appeal as no substantial legal question arose from the Tribunal's order. en-us Mon, 19 Sep 2011 00:00:00 +0530 Fri, 22 Apr 2016 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=211023 The High Court upheld the Tribunal's decision in a case concerning expenditure treatment, specifically severance costs and marketing research expenses. The court affirmed that the assessee's suspension of manufacturing "Tang" did not constitute a business closure as other business activities continued. The severance costs were considered revenue expenditure due to the ongoing business operations, leading to the dismissal of the appeal as no substantial legal question arose from the Tribunal's order. Case-Laws Income Tax Mon, 19 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=211023