https://www.taxtmi.com/caselaws?id=289183 Whether a payment characterised the transferee company's liability under a business transfer or was an expenditure incurred in the ordinary course for employee remuneration was determinative; the claimant bore the burden to prove a pre existing scheme, practice or undertaking that gratuity formed part of remuneration or that the payment was wholly and exclusively for business purposes, and led no such evidence. The court treated the payment as isolated ex gratia and therefore of capital character, concluding it was not admissible as a deduction under the relevant income tax provision. en-us Tue, 24 Apr 1962 00:00:00 +0530 Sat, 18 Jul 2020 13:21:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=289183 Whether a payment characterised the transferee company's liability under a business transfer or was an expenditure incurred in the ordinary course for employee remuneration was determinative; the claimant bore the burden to prove a pre existing scheme, practice or undertaking that gratuity formed part of remuneration or that the payment was wholly and exclusively for business purposes, and led no such evidence. The court treated the payment as isolated ex gratia and therefore of capital character, concluding it was not admissible as a deduction under the relevant income tax provision. Case-Laws Income Tax Tue, 24 Apr 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=289183