Commissioner of Inland Revenue vs J.M. Rajaratnam

Commissioner of Inland Revenue vs J.M. Rajaratnam nlr vol 74 page 529 [74 NLR 529] – In Commissioner of Inland Revenue v. J. M. Rajaratnam, the court addressed whether payments made under voluntary deeds of covenant constituted “annuities” deductible from the respondent’s assessable i