https://www.taxtmi.com/caselaws?id=62288 The appeal was partly allowed. The disallowance of Rs. 1 lakh claimed as business expenditure was upheld, as it was deemed not a normal business expenditure and against public policy. However, the issue of disallowance of Rs. 54,298 under Section 43B for outstanding bonus liability was remitted back to the Assessing Officer for verification and adjustment based on actual disbursement before the due date for filing the return. en-us Wed, 15 Apr 1998 00:00:00 +0530 Wed, 19 Jan 2011 11:02:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62288 The appeal was partly allowed. The disallowance of Rs. 1 lakh claimed as business expenditure was upheld, as it was deemed not a normal business expenditure and against public policy. However, the issue of disallowance of Rs. 54,298 under Section 43B for outstanding bonus liability was remitted back to the Assessing Officer for verification and adjustment based on actual disbursement before the due date for filing the return. Case-Laws Income Tax Wed, 15 Apr 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62288