Tax Liability of 'Incentive Bonus' ::
Last updated: 27 November 2007
Court :
HC
Brief :
Held by Ho"ble court that since the incentive bonus was paid to the employees wholly and exclusively for business purposes such bonus was allowable as deduction u/s 37(1).
Citation :
C.I.T. Vs. Raza Textiles Ltd.
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CA.Saibaburao Nanduri
Published in Income Tax
Views : 75
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