https://www.taxtmi.com/caselaws?id=36401 The court held that the Steel-O-Style Unit and other units did not constitute the same business for the purpose of retrenchment compensation deduction. Similarly, the activities of the steel rolling mill and machinery manufacturing units were not considered the same business as the purchase and sale of cloth and manufacturing of chemicals and dyes for bad debts deduction. The court emphasized factors like common management and organization to determine the "same business." Ultimately, the deductions for retrenchment compensation and bad debts were allowed in favor of the assessee, with no costs ordered. en-us Tue, 12 Aug 1980 00:00:00 +0530 Mon, 22 Mar 2010 11:31:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36401 The court held that the Steel-O-Style Unit and other units did not constitute the same business for the purpose of retrenchment compensation deduction. Similarly, the activities of the steel rolling mill and machinery manufacturing units were not considered the same business as the purchase and sale of cloth and manufacturing of chemicals and dyes for bad debts deduction. The court emphasized factors like common management and organization to determine the "same business." Ultimately, the deductions for retrenchment compensation and bad debts were allowed in favor of the assessee, with no costs ordered. Case-Laws Income Tax Tue, 12 Aug 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36401