https://www.taxtmi.com/caselaws?id=60513 The Tribunal held that the compensation payment and hospital expenditure were deductible as business expenses under Section 37(1) of the Income Tax Act. The liability accrued in the assessment year 1992-93, not in 1989-90. Both payments were considered revenue expenditures, not capital, and were related to the integrated business activities of the assessee. The Tribunal allowed the expenditure related to the closed Bhopal unit against income from other business activities. en-us Wed, 22 Nov 2000 00:00:00 +0530 Wed, 05 Jan 2011 16:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60513 The Tribunal held that the compensation payment and hospital expenditure were deductible as business expenses under Section 37(1) of the Income Tax Act. The liability accrued in the assessment year 1992-93, not in 1989-90. Both payments were considered revenue expenditures, not capital, and were related to the integrated business activities of the assessee. The Tribunal allowed the expenditure related to the closed Bhopal unit against income from other business activities. Case-Laws Income Tax Wed, 22 Nov 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60513