2019 (5) TMI 198

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....i for Respondent. AKIL KURESHI & SARANG V. KOTWAL, JJ. P.C. : 1. This Appeal is filed by the Revenue to challenge the Judgment of the Income Tax Appellate Tribunal. 2. The following questions are presented for our consideration. (i) Whether on the facts and in circumstances of the case and in law, the ITAT was correct in treating the VRS expenditure as revenue expenditure ? &n....

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....he expense towards voluntary retirement scheme is to save the expenditure and enduring benefits test cannot be applied. It was held that the expenditure must he allowed in the year in which it was incurred. 4. Similarly, Madras High Court, in the case of Commissioner of Income Tax Vs. Simpson And Co. Ltd. (No.1) 230 ITR 703, held that the amount paid to the employee under voluntary retirement s....