https://www.taxtmi.com/circulars?id=5161 Ex-gratia payments made to effect Voluntary Retirement Schemes or similar restructuring that create an enduring benefit or advantage for the business - such as improved profitability, competitiveness or technological induction - are properly attributable to capital and not revenue. Assessing Officers should decide the character of such expenditure on the facts and circumstances of each case, considering the nature and ordinary course of the business and the objects for which the payments were made. en-us Tue, 23 Jan 2001 00:00:00 +0530 Mon, 11 Aug 2008 17:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=5161 Ex-gratia payments made to effect Voluntary Retirement Schemes or similar restructuring that create an enduring benefit or advantage for the business - such as improved profitability, competitiveness or technological induction - are properly attributable to capital and not revenue. Assessing Officers should decide the character of such expenditure on the facts and circumstances of each case, considering the nature and ordinary course of the business and the objects for which the payments were made. Circulars Income Tax Tue, 23 Jan 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=5161