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of <h1>High Court rules against deducting remuneration and pension as business expenses</h1> <h3>Amalgamations Limited Versus Commissioner Of Income-Tax</h3> The High Court of Madras held that remuneration paid to certain individuals was not allowable as a business expenditure and pension paid to Mrs. Valli ... Business Expenditure, Special Remuneration, Pension The High Court of Madras ruled that remuneration paid to certain individuals was not allowable as a business expenditure. The court also held that pension paid to Mrs. Valli Anantharamakrishnan was not deductible as a business expenditure. The court's decision was based on previous rulings in similar cases. Both questions of law were answered in the affirmative against the assessee.
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