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2000 (11) TMI 3 - SC - Income Tax
Assessee entered into a settlement with the trade unions representing the workmen of the units in Kerala and agreed to pay them for the periods of their service up to the date of the lock-out five days' wages for each year of service - Having regard to the finding that these and all the other units outside Kerala 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.