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1992 (1) TMI 194 - AT - Income TaxExtract: .......y. On the contrary, the decision of the Kerala High Court in (1991) KLJ (Tax Cases) 641 would squarely apply to the facts of the case before us. 7. We, therefore, reverse the order of the CIT(A) on this issue and direct the Assessing Officer to allow retrenchment compensation paid of Rs. 22,501 as a deductible expenditure. 8. The appeal is allowed.
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