TaxTMI 
TaxTMI 
1998 (4) TMI 23
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.... Premier Corporation (Private) Limited, Coimbatore---had a manufacturing and a trading unit. In the manufacturing unit, the assessee-company was manufacturing motors, pump sets and allied electrical products. In the trading unit, apart from selling items manufactured by the assessee-company, it was also selling goods manufactured by others. On April 21, 1977, the manufacturing unit of the assesse....
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....nature could not be allowed. The Commissioner of Income-tax, accordingly, directed the Income-tax Officer to recompute the income of the assessee. On appeal by the assessee-company, the Income-tax Appellate Tribunal agreed with the Commissioner of Income-tax that the manufacturing unit of the assessee-company had been closed down and not temporarily suspended as contended by the assessee, that th....
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.... 30, 1978, of the Industrial Tribunal under section 25FFF of the Industrial Disputes Act, 1947, is not allowable as revenue expenditure ?" Arguments of Mrs. Aparna Nandakumar, learned counsel representing Mr. R. Venkataraman, learned counsel appearing for the applicant, and of Mr. R. Sivaraman, learned counsel representing Mr. C. V. Rajan, learned junior standing counsel, representing the Revenue....
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....t actually closed only on July 15, 1967, and the payments to the workers were made thereafter. The claim of the assessees to deduct the payments made to the workers in its assessment for 1967-68, relevant for the year ended April 13, 1967, was rejected by the Departmental authorities and the Tribunal. On a reference to this court, at the instance of the assessee, this court held that the scheme o....