income a sum of Rs. 18,40,250 as payment of closure compensation. As the learned CIT held the view that this sum debited ... termination of his appointment. It was not a case of closure compensation. The expenditure in the case of Assam Oil Co. Ltd. (supra) related
Marebeni India Pvt. Ltd. (Supra) the assessee
company had paid compensation for closure of its India units and this
expenditure was claimed as normal expenditure ... comparable companies had incurred such
expenses. The assessee had paid compensation for closure of its units,
including the Delhi and Chennai offices, in an amount
VRSNSS was not of the nature of compensation on
termination of employment or compensation on closure of industry ie HMTL-TD. This amount is receipt ... read in the nature of retrenchment compensation/ compensation on termination of
employment on account of closure of HMTL-TD. The purpose behind this scheme
dismissing appeal because tax was not
deductible or payable on closure compensation announced by the Central Govt in public interest
for the employees ... VRSNSS was not of the nature of compensation on termination of
employment or compensation on closure of industry ie HMTL-TD. This amount is receipt
Marebeni India Pvt. Ltd. (Supra) the
assessee company had paid compensation for closure of its India
units and this expenditure was claimed as normal expenditure ... comparable companies had incurred
such expenses. The assessee had paid compensation for closure of its
units, including the Delhi and Chennai offices, in an amount
Karmchari Sangharsh Union Nagina for payment of their due wages and closure compensation, the Hon'ble High Court has also passed the Interim order ... dated 11.12.2004 and directed to make the payment of closure compensation. The copy of the order is placed on the record as Annexure
Narela) again (Annexure-3) for
recovery of Environmental Compensation.
• Closure directions still enforced.
(d) M/s VaibhavGulati, J-277 (Actual I-277), Sector-2, DSIIDC ... Narela) again (Annexure-4) for
recovery of Environmental Compensation.
• Closure directions still enforced.
(e) M/s Arun, I-34, Sector-4, DSIIDC, Bawana Industrial Area
business for the liability to pay the retrenchment compensation arose after the closure of the business and not while running the business.
In support ... much as in that case expenditure by way of compensation to employees on closure of one of the units was held to be disallowable
business for the liability to pay the retrenchment compensation arose after the closure of the business and not while running the business.
In support ... Revenue inasmuch as in that case expenditure by way of compensation to employees on closure of one of the units was held to be disallowable
amount received by the assessee was by way of a compensation on the closure of business and any amount received by way of compensation ... Court decisions, the learned Accountant Member held that the compensation received by the assessee for closure of business was not income liable
