https://www.taxtmi.com/caselaws?id=192832 A recurring liability secured by a charge on immovable property was treated as an annual charge where the obligation continued from year to year, even if paid in monthly instalments. On that construction, alimony payable under the decree and charged on the properties qualified as an annual charge and not a capital charge. The deduction under section 9(1)(iv) was also held not to depend on whether the charge was created voluntarily or imposed involuntarily; once the property was subject to a qualifying annual charge, the amount was deductible. The payment was therefore admissible as a statutory deduction. en-us Thu, 29 Mar 1956 00:00:00 +0530 Fri, 23 Jun 2017 17:44:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=192832 A recurring liability secured by a charge on immovable property was treated as an annual charge where the obligation continued from year to year, even if paid in monthly instalments. On that construction, alimony payable under the decree and charged on the properties qualified as an annual charge and not a capital charge. The deduction under section 9(1)(iv) was also held not to depend on whether the charge was created voluntarily or imposed involuntarily; once the property was subject to a qualifying annual charge, the amount was deductible. The payment was therefore admissible as a statutory deduction. Case-Laws Income Tax Thu, 29 Mar 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=192832