Business expenditure : Bonus

Court :
Bombay High Court

Brief :
Business expenditure : Bonus : S. 36(1)(ii) of Income-tax Act, 1961 : A.Y. 1985-86 : Customary bonus over and above payable under the Bonus Act : Paid for last 10 years as a practice : Eligible for deduction u/s.36(1)(ii) second proviso.

Citation :
CIT v. Sesa Goa Ltd 221 CTR 590 (Bom.)

Daily Limit Reached

You have reached your daily limit of 2 Free Judgements

Subscribe to CCI PRO for unlimited access

Why Upgrade to CCI PRO?

No Ads
WhatsApp Community
Daily E-Newsletter
Unlimited Judgements Access
Profile Visitors
Link Social Profiles
Featured Job Posts
Pro Badge
Expert GST Guidance
Unlimited Forum Replies
Download Content in PDF

1 Year PLAN

1999

(Excl. of GST ₹359)

2 Years PLAN

3499

(Excl. of GST ₹629)

BEST VALUE

3 Years PLAN

4999

(Excl. of GST ₹899)

View all CCI PRO benefits

Already a PRO member? Login here for an ad-free experience. 07941056694

1413 Views Comment Share Income Tax Report

Judgement posted by

CA.Tarun Maheshwari

CA, DISA

ADelhi based practising CA. I love discussionson professional matters especially on Income tax. Want to get more and more knowledge in every field of our profession.Thanks for visiting my profile. I wish it will convert into a long termboundingon professional as well as personal fronts. I am available at tarun2507 @ ... Read more

View Judgements

Comments