https://www.taxtmi.com/caselaws?id=201395 The High Court of Allahabad dismissed an appeal against the Income Tax Appellate Tribunal's order, upholding the deduction of production incentive bonus paid by the assessee to its employees for the assessment year 1987-88. The court cited a previous case where it was held that such bonuses are deductible under section 37 of the Income Tax Act, 1961. en-us Mon, 13 Dec 2010 00:00:00 +0530 Thu, 06 Jan 2011 23:13:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=201395 The High Court of Allahabad dismissed an appeal against the Income Tax Appellate Tribunal's order, upholding the deduction of production incentive bonus paid by the assessee to its employees for the assessment year 1987-88. The court cited a previous case where it was held that such bonuses are deductible under section 37 of the Income Tax Act, 1961. Case-Laws Income Tax Mon, 13 Dec 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=201395