https://www.taxtmi.com/caselaws?id=70073 The Tribunal ruled in favor of the assessee, allowing the excess 5% payment to employees as an incentive wage under section 37(1) of the Income-tax Act, 1961. It differentiated between bonus, a statutory right, and incentives, emphasizing that the incentive wage was granted for settling an industrial dispute and maintaining business operations. The Tribunal held that the payment was deductible under section 37(1) due to commercial expediency, dismissing the departmental appeal and affirming the decision of the Commissioner (Appeals). en-us Fri, 19 Mar 1982 00:00:00 +0530 Thu, 14 Apr 2011 11:22:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70073 The Tribunal ruled in favor of the assessee, allowing the excess 5% payment to employees as an incentive wage under section 37(1) of the Income-tax Act, 1961. It differentiated between bonus, a statutory right, and incentives, emphasizing that the incentive wage was granted for settling an industrial dispute and maintaining business operations. The Tribunal held that the payment was deductible under section 37(1) due to commercial expediency, dismissing the departmental appeal and affirming the decision of the Commissioner (Appeals). Case-Laws Income Tax Fri, 19 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70073