Business expenditure : Bonus : S. 36(1)(ii) and S. 37(1)

Last updated: 05 March 2009

Court :
High Court

Brief :
Business expenditure : Bonus : S. 36(1)(ii) and S. 37(1) of Income-tax Act, 1961 : A.Y. 1993-94 : Ex gratia payment over and above statutory limits prescribed under the Payment of Bonus Act, 1965, is allowable as business expenditure

Citation :
CIT v. Maina Ore Transport (P) Ltd. 218 CTR 653 (Bom.)

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