https://www.taxtmi.com/caselaws?id=257510 The Tribunal upheld the CIT(A)'s decision, allowing the gratuity and compensation payments, along with general charges and miscellaneous expenses, as deductible. The closure of a processing unit did not signify the closure of the entire business, as it was part of a commercial restructuring. Relying on judicial precedents, the Tribunal emphasized that expenses related to a closed unit remain deductible if the business as a whole continues to operate. The Revenue's appeal was dismissed, confirming that the expenses linked to the closed unit were part of the overall business expenses and hence deductible. en-us Fri, 16 Jan 2015 00:00:00 +0530 Sat, 14 Mar 2015 06:58:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=257510 The Tribunal upheld the CIT(A)'s decision, allowing the gratuity and compensation payments, along with general charges and miscellaneous expenses, as deductible. The closure of a processing unit did not signify the closure of the entire business, as it was part of a commercial restructuring. Relying on judicial precedents, the Tribunal emphasized that expenses related to a closed unit remain deductible if the business as a whole continues to operate. The Revenue's appeal was dismissed, confirming that the expenses linked to the closed unit were part of the overall business expenses and hence deductible. Case-Laws Income Tax Fri, 16 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=257510