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of <h1>Appeal allowed: Incentive wages deductible as legitimate business expense.</h1> <h3>Shri Laxmi Spinners Private Limited. Versus First Income-Tax Officer.</h3> The Appellate Tribunal allowed the appeal, determining that the incentive wages paid to workmen were a legitimate business expense and eligible for ... - The appeal was related to the income-tax assessment for the year 1981-82. The Appellate Tribunal allowed the appeal, stating that the incentive wages paid to workmen were not bonus but a legitimate business expense, and therefore eligible for deduction.
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