https://www.taxtmi.com/caselaws?id=1679 The Court dismissed the revenue's appeal regarding the disallowance of bonus payment under Section 43-B, emphasizing the minimal tax effect and the relevance of a circular by the Central Board of Direct Taxes. The Court highlighted the importance of considering tax effect in appeal decisions and cited precedents to support its ruling. The judgment underscored the significance of the circular's exceptions in determining the validity of appeals despite the revenue effect, ultimately ruling in favor of the assessee. en-us Thu, 16 Aug 2007 00:00:00 +0530 Sun, 03 Aug 2008 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=1679 The Court dismissed the revenue's appeal regarding the disallowance of bonus payment under Section 43-B, emphasizing the minimal tax effect and the relevance of a circular by the Central Board of Direct Taxes. The Court highlighted the importance of considering tax effect in appeal decisions and cited precedents to support its ruling. The judgment underscored the significance of the circular's exceptions in determining the validity of appeals despite the revenue effect, ultimately ruling in favor of the assessee. Case-Laws Income Tax Thu, 16 Aug 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=1679