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2013 (6) TMI 227 - HC - Income TaxExpenditure on voluntary retirement scheme in respect of two units - whether allowable even though such expenditure concerned the closure of the business activities of the assessee in these units? - Held that:- As decided in Ravindranathan Nair case [2000 (11) TMI 3 - SUPREME Court] having regard to the finding that all the other units formed one business, the expenditure must be held to have been incurred in regard to such business - impugned expenditure was a business expenditure so entitled to deduction u/s 37. In favour of assessee.
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