https://www.taxtmi.com/caselaws?id=369341 The Tribunal upheld the allowance of renovation and maintenance expenses as legitimate business expenditures under Section 37 of the Income Tax Act, 1961. However, the disallowance of retrenchment compensation was upheld due to the business continuity under the partnership firm. Additionally, expenses for advertisement and sales promotion were only allowed up to the date of the business sale. en-us Mon, 22 Oct 2018 00:00:00 +0530 Wed, 24 Oct 2018 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369341 The Tribunal upheld the allowance of renovation and maintenance expenses as legitimate business expenditures under Section 37 of the Income Tax Act, 1961. However, the disallowance of retrenchment compensation was upheld due to the business continuity under the partnership firm. Additionally, expenses for advertisement and sales promotion were only allowed up to the date of the business sale. Case-Laws Income Tax Mon, 22 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369341