https://www.taxtmi.com/caselaws?id=18958 A pension paid by a company to the widow of its former chairman was held not deductible in computing business income because it arose from a board resolution alone and not from any contractual obligation or employer-employee relationship. The court treated the facts as comparable to an earlier decision and followed that precedent. As the deceased chairman was not an employee and the payment lacked the necessary business nexus, the deduction claim failed. en-us Thu, 09 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 10:56:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18958 A pension paid by a company to the widow of its former chairman was held not deductible in computing business income because it arose from a board resolution alone and not from any contractual obligation or employer-employee relationship. The court treated the facts as comparable to an earlier decision and followed that precedent. As the deceased chairman was not an employee and the payment lacked the necessary business nexus, the deduction claim failed. Case-Laws Income Tax Thu, 09 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18958