1995 (10) TMI 12 - HC - Income Tax

Summary

The High Court of Madras ruled that the assessee is not entitled to a deduction for pension payments to retired employees for the assessment years 1973-74, 1974-75, and 1975-76. This decision was based on previous rulings in similar cases involving the same assessee. The Tribunal's decision was upheld, denying the deduction for pension payments.