Business expenditure : Bonus
Last updated: 26 May 2009
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.)
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CA.Tarun Maheshwari
Published in Income Tax
Views : 1380
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