Stamp duty paid during the course of amalgamation and compensation paid to employees under VRS scheme is deductible as revenue expense

National Organic Chemical Industries Ltd. Vs Addl. CIT ITAT Mumbai I.T.A No. 3495/ Mum/2003 (Assessment year: 1998-99) I.T.A No. 3677/ Mum/2003  (Assessment year: 1998-99) I.T.A No. 5296/ Mum/2003 (Assessment year: 1999-2000) I.T.A No. 5176/ Mum/2003 (Assessment year: 1999-2000 O R D E R Per Pramod Kumar: 1. These cross appeals are directed against separate orders of the CIT(A) relating to the assessment years 1998-99 and 1999-2000, respectively. The appeals arise out of the assessments made under section 143(3) of the Income tax Act, 1961. As they involve some common is...