https://www.taxtmi.com/caselaws?id=8161 The High Court upheld the disallowance of the pension payment to the deceased director's widow as a business expense, citing lack of employer-employee relationship and absence of existing pension scheme. The Court referred the case regarding the gratuity payment to the retired director back to the Tribunal to determine if the expenditure was incurred during the relevant accounting period, emphasizing the necessity for expenses to be incurred within the said period for deduction eligibility. en-us Thu, 13 Aug 1970 00:00:00 +0530 Tue, 31 Mar 2009 16:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8161 The High Court upheld the disallowance of the pension payment to the deceased director's widow as a business expense, citing lack of employer-employee relationship and absence of existing pension scheme. The Court referred the case regarding the gratuity payment to the retired director back to the Tribunal to determine if the expenditure was incurred during the relevant accounting period, emphasizing the necessity for expenses to be incurred within the said period for deduction eligibility. Case-Laws Income Tax Thu, 13 Aug 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8161