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of <h1>Court allows deductions for profit and production bonuses paid to employees under Income-tax Act</h1> The High Court of Andhra Pradesh allowed deductions for profit bonus and production bonus paid by the respondent to its employees. The court directed the ... Business Expenditure, Reference, Remuneration The High Court of Andhra Pradesh allowed deductions for profit bonus and production bonus paid by the respondent to its employees. The court directed the Income-tax Appellate Tribunal to consider the deduction of ex gratia payments under specific provisions of the Income-tax Act. The income-tax cases were partly allowed with no costs.
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