https://www.taxtmi.com/caselaws?id=16526 Amounts paid as special remuneration to W. A. Watts, E.O. Austin and others, and pension paid to Mrs. Valli Anantharamakrishnan, were treated as not deductible business expenditure because the payments lacked commercial necessity and business expediency. The first item was governed by an earlier decision in the assessee's own case, which had already held the remuneration to be non-deductible. The pension claim also failed because it had been characterised as a mark of respect to the former chairman rather than a business outlay, a view followed in later decisions. Both questions were answered against the assessee and in favour of the Revenue. en-us Mon, 27 Jan 1997 00:00:00 +0530 Tue, 08 Sep 2009 13:10:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16526 Amounts paid as special remuneration to W. A. Watts, E.O. Austin and others, and pension paid to Mrs. Valli Anantharamakrishnan, were treated as not deductible business expenditure because the payments lacked commercial necessity and business expediency. The first item was governed by an earlier decision in the assessee's own case, which had already held the remuneration to be non-deductible. The pension claim also failed because it had been characterised as a mark of respect to the former chairman rather than a business outlay, a view followed in later decisions. Both questions were answered against the assessee and in favour of the Revenue. Case-Laws Income Tax Mon, 27 Jan 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16526