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1979 (3) TMI 94 - AT - Income TaxExtract: .......amount to a closure of the business. 10. We, therefore, hold that on the particular facts and circumstances of the case it cannot be said that the payment of compensation and notice pay was made on the occasion of the closure of the business. It was made for the purpose of carrying on the business. 11. In the result, both the appeals are dismissed.
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