https://www.taxtmi.com/caselaws?id=5913 Employee pension and life assurance contributions became deductible as business expenditure in the assessment year 1959-60 because, after the plan rules were amended on 21 December 1957, the assessee lost control over the contributed amounts and they passed out of its dominion to the plan members. Although the contributions had been paid in earlier years, the expenditure was treated as incurred in the relevant accounting period when that control ceased. The objection based on the statutory bar relating to deduction of tax at source failed because there was a concurrent finding of fact that tax had in fact been deducted at source, and that finding was not challenged. en-us Thu, 10 Oct 1985 00:00:00 +0530 Sat, 29 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5913 Employee pension and life assurance contributions became deductible as business expenditure in the assessment year 1959-60 because, after the plan rules were amended on 21 December 1957, the assessee lost control over the contributed amounts and they passed out of its dominion to the plan members. Although the contributions had been paid in earlier years, the expenditure was treated as incurred in the relevant accounting period when that control ceased. The objection based on the statutory bar relating to deduction of tax at source failed because there was a concurrent finding of fact that tax had in fact been deducted at source, and that finding was not challenged. Case-Laws Income Tax Thu, 10 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5913