https://www.taxtmi.com/caselaws?id=25964 Integrated transport operations may constitute a single business even where an uneconomical passenger-transport segment ceases, provided the overall transport business continues. Closure of one activity does not by itself establish closure of the entire business. Gratuity, retrenchment compensation and notice pay incurred in connection with industrial settlement and employee termination may be deductible business expenditure where incurred for carrying on or preserving the business. The stated principle treats retrenchment broadly and recognises these employee-related payments as connected with continuing business operations. en-us Wed, 12 Feb 1986 00:00:00 +0530 Tue, 02 Feb 2010 10:19:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25964 Integrated transport operations may constitute a single business even where an uneconomical passenger-transport segment ceases, provided the overall transport business continues. Closure of one activity does not by itself establish closure of the entire business. Gratuity, retrenchment compensation and notice pay incurred in connection with industrial settlement and employee termination may be deductible business expenditure where incurred for carrying on or preserving the business. The stated principle treats retrenchment broadly and recognises these employee-related payments as connected with continuing business operations. Case-Laws Income Tax Wed, 12 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25964