https://www.taxtmi.com/caselaws?id=21543 The Tribunal upheld the allowance of compensation for early retirement and deduction of incentive wages as revenue expenditure. However, the eligibility for investment allowance on fire extinguishers and time-office equipment was denied, while the decision on electrification machinery was remanded for further assessment. The Tribunal's decisions were in line with commercial expediency and business purpose, following precedents supporting such expenditures as allowable under the Income-tax Act. en-us Wed, 05 Jun 1991 00:00:00 +0530 Wed, 25 Nov 2009 12:23:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21543 The Tribunal upheld the allowance of compensation for early retirement and deduction of incentive wages as revenue expenditure. However, the eligibility for investment allowance on fire extinguishers and time-office equipment was denied, while the decision on electrification machinery was remanded for further assessment. The Tribunal's decisions were in line with commercial expediency and business purpose, following precedents supporting such expenditures as allowable under the Income-tax Act. Case-Laws Income Tax Wed, 05 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21543