https://www.taxtmi.com/caselaws?id=15972 Pension paid to a retired general manager was treated as deductible under section 5(j) because it formed part of the agreed service conditions and was incurred on commercial expediency, as expenditure laid out wholly and exclusively for deriving agricultural income. The provision was read as analogous to section 37(1) of the Income-tax Act, so post-retirement benefits were not confined to payments made during active service. Listing fee paid to the stock exchange was not deductible, since an earlier decision had already rejected such a claim and no basis was shown to depart from it. en-us Wed, 19 Aug 1998 00:00:00 +0530 Mon, 31 Aug 2009 12:45:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15972 Pension paid to a retired general manager was treated as deductible under section 5(j) because it formed part of the agreed service conditions and was incurred on commercial expediency, as expenditure laid out wholly and exclusively for deriving agricultural income. The provision was read as analogous to section 37(1) of the Income-tax Act, so post-retirement benefits were not confined to payments made during active service. Listing fee paid to the stock exchange was not deductible, since an earlier decision had already rejected such a claim and no basis was shown to depart from it. Case-Laws Income Tax Wed, 19 Aug 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15972