https://www.taxtmi.com/caselaws?id=171356 The High Court held that pension payments made by the assessee-company to Mrs. Baptist were partly allowable under section 10(2)(xv) of the Indian Income-tax Act, 1922, due to commercial expediency. However, expenses for passage money, wreath, and grave repairs were not allowed as they did not meet the business purpose criteria. The Court ruled in favor of the assessee for pension payments but upheld the disallowance of other expenses. The Commissioner of Income-tax was directed to pay the costs of the reference to the assessee. en-us Thu, 12 Jan 1967 00:00:00 +0530 Fri, 17 Jul 2015 15:42:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=171356 The High Court held that pension payments made by the assessee-company to Mrs. Baptist were partly allowable under section 10(2)(xv) of the Indian Income-tax Act, 1922, due to commercial expediency. However, expenses for passage money, wreath, and grave repairs were not allowed as they did not meet the business purpose criteria. The Court ruled in favor of the assessee for pension payments but upheld the disallowance of other expenses. The Commissioner of Income-tax was directed to pay the costs of the reference to the assessee. Case-Laws Income Tax Thu, 12 Jan 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171356