https://www.taxtmi.com/caselaws?id=69311 Customary bonus paid regularly to employees was treated as outside the statutory scheme of the Payment of Bonus Act, 1965. On that basis, the amendment to section 36(1)(ii) of the Income-tax Act, 1961 was read as restricting only bonus covered by the Bonus Act, not customary bonus. The analysis relied on the view that section 17 of the Bonus Act concerns adjustment of customary bonus against statutory bonus and does not negate the existence of customary bonus. Accordingly, the disallowance of deduction for such bonus was considered unsustainable. en-us Fri, 24 Aug 1979 00:00:00 +0530 Wed, 06 Apr 2011 11:48:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69311 Customary bonus paid regularly to employees was treated as outside the statutory scheme of the Payment of Bonus Act, 1965. On that basis, the amendment to section 36(1)(ii) of the Income-tax Act, 1961 was read as restricting only bonus covered by the Bonus Act, not customary bonus. The analysis relied on the view that section 17 of the Bonus Act concerns adjustment of customary bonus against statutory bonus and does not negate the existence of customary bonus. Accordingly, the disallowance of deduction for such bonus was considered unsustainable. Case-Laws Income Tax Fri, 24 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69311