https://www.taxtmi.com/caselaws?id=277837 The Bombay HC dismissed the appeal, affirming that compensation for voluntary retirement is revenue expenditure under Section 37(1) of the Income Tax Act and not capital in nature, following SC precedent. en-us Tue, 23 Sep 2008 00:00:00 +0530 Wed, 26 Dec 2018 09:48:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277837 The Bombay HC dismissed the appeal, affirming that compensation for voluntary retirement is revenue expenditure under Section 37(1) of the Income Tax Act and not capital in nature, following SC precedent. Case-Laws Income Tax Tue, 23 Sep 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277837