https://www.taxtmi.com/caselaws?id=56321 The assessee's claim for terminal allowance of Rs. 1,99,800 was allowed by the Tribunal after it was initially disallowed by the ITO and confirmed by the Commissioner(A). The Tribunal also directed the ITO to accept the assessee's claim for deduction of Rs. 10,800 being bonus paid to employees earning more than Rs. 1,600 per month. Additionally, the Tribunal upheld the decision regarding the treatment of unabsorbed loss/depreciation of Ugachem Pvt. Ltd. post-amalgamation, dismissing the Revenue's appeal. As a result, the appeal filed by the assessee was allowed, while the appeal filed by the Revenue was dismissed. en-us Mon, 21 Mar 1988 00:00:00 +0530 Fri, 03 Dec 2010 10:36:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56321 The assessee's claim for terminal allowance of Rs. 1,99,800 was allowed by the Tribunal after it was initially disallowed by the ITO and confirmed by the Commissioner(A). The Tribunal also directed the ITO to accept the assessee's claim for deduction of Rs. 10,800 being bonus paid to employees earning more than Rs. 1,600 per month. Additionally, the Tribunal upheld the decision regarding the treatment of unabsorbed loss/depreciation of Ugachem Pvt. Ltd. post-amalgamation, dismissing the Revenue's appeal. As a result, the appeal filed by the assessee was allowed, while the appeal filed by the Revenue was dismissed. Case-Laws Income Tax Mon, 21 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56321