https://www.taxtmi.com/caselaws?id=19314 The High Court of Madras addressed the disallowance of a pension payment as a deduction for the assessment years 1969-70 to 1971-72. The court determined that the payment to the late director's widow was not part of a formal employee benefit scheme but rather a gesture of respect, lacking commercial consideration. As the scheme did not provide for similar payments to other widows and had limitations on pensionary benefits, the court upheld the decision to disallow the deduction. The absence of a structured scheme supporting lifelong pension to widows led to the affirmation of disallowance by the appellate authorities. en-us Tue, 30 Aug 1994 00:00:00 +0530 Thu, 05 Nov 2009 13:21:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19314 The High Court of Madras addressed the disallowance of a pension payment as a deduction for the assessment years 1969-70 to 1971-72. The court determined that the payment to the late director's widow was not part of a formal employee benefit scheme but rather a gesture of respect, lacking commercial consideration. As the scheme did not provide for similar payments to other widows and had limitations on pensionary benefits, the court upheld the decision to disallow the deduction. The absence of a structured scheme supporting lifelong pension to widows led to the affirmation of disallowance by the appellate authorities. Case-Laws Income Tax Tue, 30 Aug 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19314