https://www.taxtmi.com/highlights?id=72966 Nature of expenditure - amount paid on retirement of partner - Allowable revenue expenditure or capital expenditure - CIT(A) without appreciating proper facts of the case went on to hold that the payment of money to the retiring partner is revenue expenditure. - Such findings cannot be accepted in the eyes of law. - AT en-us Wed, 08 Nov 2023 17:28:40 +0530 Wed, 08 Nov 2023 17:28:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=72966 Nature of expenditure - amount paid on retirement of partner - Allowable revenue expenditure or capital expenditure - CIT(A) without appreciating proper facts of the case went on to hold that the payment of money to the retiring partner is revenue expenditure. - Such findings cannot be accepted in the eyes of law. - AT Highlights Income Tax Wed, 08 Nov 2023 17:28:40 +0530 https://www.taxtmi.com/highlights?id=72966