https://www.taxtmi.com/caselaws?id=23039 The High Court upheld the Appellate Tribunal's decision that the oil mill was not a separate business but a branch of the assessee's main business. Consequently, retrenchment compensation was allowed as a deduction under section 37 of the Income-tax Act, as it was incurred for the business's benefit. The Court emphasized unity of control and interlacing of funds in its decision, favoring the assessee and affirming the Tribunal's findings. en-us Tue, 28 Nov 1989 00:00:00 +0530 Wed, 16 Dec 2009 12:23:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23039 The High Court upheld the Appellate Tribunal's decision that the oil mill was not a separate business but a branch of the assessee's main business. Consequently, retrenchment compensation was allowed as a deduction under section 37 of the Income-tax Act, as it was incurred for the business's benefit. The Court emphasized unity of control and interlacing of funds in its decision, favoring the assessee and affirming the Tribunal's findings. Case-Laws Income Tax Tue, 28 Nov 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23039