https://www.taxtmi.com/caselaws?id=70580 The Appellate Tribunal allowed the appeal by M/s. T. Alagappan and Sons, contractors Sankari Drug, permitting the deduction of Rs. 20,000 for bonus provision. The Tribunal deemed the bonus as a deferred wage, recognizing the obligation created upon crediting the amount to employees, and approved the deduction under the mercantile system. en-us Fri, 11 Dec 1981 00:00:00 +0530 Mon, 18 Apr 2011 10:41:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70580 The Appellate Tribunal allowed the appeal by M/s. T. Alagappan and Sons, contractors Sankari Drug, permitting the deduction of Rs. 20,000 for bonus provision. The Tribunal deemed the bonus as a deferred wage, recognizing the obligation created upon crediting the amount to employees, and approved the deduction under the mercantile system. Case-Laws Income Tax Fri, 11 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70580