https://www.taxtmi.com/caselaws?id=171356 Expenditure voluntarily incurred on grounds of commercial expediency may qualify as being laid out wholly and exclusively for business under section 10(2)(xv) of the Indian Income-tax Act, 1922, even where a third party benefits. Applied to a payment made to the widow of an employee murdered in the course of duty, the principle supports deductibility where the payment is intended to maintain employee confidence, loyalty, and incentive in risky work. On the stated facts, the widow's pension was treated as allowable business expenditure, while the related passage money, wreath expenditure, and grave repair items were not treated as deductible on the same basis. 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 Expenditure voluntarily incurred on grounds of commercial expediency may qualify as being laid out wholly and exclusively for business under section 10(2)(xv) of the Indian Income-tax Act, 1922, even where a third party benefits. Applied to a payment made to the widow of an employee murdered in the course of duty, the principle supports deductibility where the payment is intended to maintain employee confidence, loyalty, and incentive in risky work. On the stated facts, the widow's pension was treated as allowable business expenditure, while the related passage money, wreath expenditure, and grave repair items were not treated as deductible on the same basis. Case-Laws Income Tax Thu, 12 Jan 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=171356