https://www.taxtmi.com/caselaws?id=279272 Compensation paid on closure of a division after amalgamation was treated as business expenditure under section 37(1) because the liability arose in the course of the assessee's business and the closure was only of a division. Approval for section 80HHD deduction as an approved tour operator was treated as available to the amalgamated assessee from the appointed date. Reserve utilisation under section 80HHD was allowed only to the extent vehicles and assets were used for the tour business, with staff-use vehicles excluded and part of the matter remanded. Architect fees, renovation outlay and software maintenance were held revenue in nature. Disallowance under section 14A was restored. Issues on interest income for section 80HHD and advance against software expenditure were remanded for fresh adjudication. en-us Wed, 23 Feb 2011 00:00:00 +0530 Mon, 11 Mar 2019 11:41:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=279272 Compensation paid on closure of a division after amalgamation was treated as business expenditure under section 37(1) because the liability arose in the course of the assessee's business and the closure was only of a division. Approval for section 80HHD deduction as an approved tour operator was treated as available to the amalgamated assessee from the appointed date. Reserve utilisation under section 80HHD was allowed only to the extent vehicles and assets were used for the tour business, with staff-use vehicles excluded and part of the matter remanded. Architect fees, renovation outlay and software maintenance were held revenue in nature. Disallowance under section 14A was restored. Issues on interest income for section 80HHD and advance against software expenditure were remanded for fresh adjudication. Case-Laws Income Tax Wed, 23 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=279272