https://www.taxtmi.com/caselaws?id=7002 Money set apart for a contingent liability is not expenditure until the contingency ends and the liability becomes actual. On that principle, the pension-related amount became expenditure in the accounting year when Mr. Harvey died, even though it had not been debited in the profit and loss account, and was therefore deductible as revenue expenditure for that year. A wider contention that payment to the widow could never qualify as deductible expenditure was not entertained because it had not been raised or decided before the Tribunal and lay outside the scope of the reference, involving a mixed question of law and fact. en-us Wed, 16 Mar 1966 00:00:00 +0530 Sat, 07 Feb 2009 18:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7002 Money set apart for a contingent liability is not expenditure until the contingency ends and the liability becomes actual. On that principle, the pension-related amount became expenditure in the accounting year when Mr. Harvey died, even though it had not been debited in the profit and loss account, and was therefore deductible as revenue expenditure for that year. A wider contention that payment to the widow could never qualify as deductible expenditure was not entertained because it had not been raised or decided before the Tribunal and lay outside the scope of the reference, involving a mixed question of law and fact. Case-Laws Income Tax Wed, 16 Mar 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7002