https://www.taxtmi.com/caselaws?id=6534 Amounts merely set apart to meet a contingent pension obligation do not become deductible expenditure until the liability is fixed; here, the sums were treated as expended only on Harvey's death, when the obligation ceased to be contingent. A referred question of law is not confined to the narrow point argued below if the wider issue was in controversy and falls within the reference; the High Court could therefore entertain the Commissioner's contention that the allowance failed to satisfy all statutory conditions. However, the record lacked findings on whether the expenditure was laid out wholly and exclusively for business, so admissibility could not be finally decided and the matter required further disposal. en-us Wed, 12 Aug 1970 00:00:00 +0530 Fri, 05 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6534 Amounts merely set apart to meet a contingent pension obligation do not become deductible expenditure until the liability is fixed; here, the sums were treated as expended only on Harvey's death, when the obligation ceased to be contingent. A referred question of law is not confined to the narrow point argued below if the wider issue was in controversy and falls within the reference; the High Court could therefore entertain the Commissioner's contention that the allowance failed to satisfy all statutory conditions. However, the record lacked findings on whether the expenditure was laid out wholly and exclusively for business, so admissibility could not be finally decided and the matter required further disposal. Case-Laws Income Tax Wed, 12 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6534