https://www.taxtmi.com/caselaws?id=19198 Settling allowance paid to employees in connection with shifting a factory was treated as revenue expenditure because it was compensatory in nature and did not create any asset or enduring advantage for the assessee. The payment was distinguished from expenditure on shifting plant and machinery, as it was not incurred to acquire, improve, or preserve a capital asset. The allowance was therefore admissible as a deduction. en-us Wed, 30 Nov 1994 00:00:00 +0530 Wed, 04 Nov 2009 16:00:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19198 Settling allowance paid to employees in connection with shifting a factory was treated as revenue expenditure because it was compensatory in nature and did not create any asset or enduring advantage for the assessee. The payment was distinguished from expenditure on shifting plant and machinery, as it was not incurred to acquire, improve, or preserve a capital asset. The allowance was therefore admissible as a deduction. Case-Laws Income Tax Wed, 30 Nov 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19198