https://www.taxtmi.com/caselaws?id=27403 The High Court held that the payment of Rs. 30,96,805 as retrenchment compensation by the non-resident company was a revenue expenditure and deductible. The Court found that the payments were made for commercial expediency to effect economy and rationalization of personnel, without resulting in any enduring benefit or creation of a new asset. The decision favored the assessee, with no order as to costs. en-us Mon, 11 Feb 1985 00:00:00 +0530 Fri, 12 Feb 2010 15:30:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27403 The High Court held that the payment of Rs. 30,96,805 as retrenchment compensation by the non-resident company was a revenue expenditure and deductible. The Court found that the payments were made for commercial expediency to effect economy and rationalization of personnel, without resulting in any enduring benefit or creation of a new asset. The decision favored the assessee, with no order as to costs. Case-Laws Income Tax Mon, 11 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27403