https://www.taxtmi.com/caselaws?id=178720 The HC determined that the annual bonus paid to dealers, amounting to Rs. 73,116 for the assessment year 1980-81, should not be classified as "Sales Promotion" expenses under section 37(3A) of the Income-tax Act. Relying on a precedent, the HC ruled in favor of the assessee, affirming the ITAT's decision and clarifying that the expenditure does not fall under the provisions of section 37(3A). The reference was disposed of in favor of the assessee, confirming the non-applicability of the disputed tax provisions for the specified assessment year. en-us Thu, 06 Sep 2007 00:00:00 +0530 Sat, 03 Feb 2024 13:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=178720 The HC determined that the annual bonus paid to dealers, amounting to Rs. 73,116 for the assessment year 1980-81, should not be classified as "Sales Promotion" expenses under section 37(3A) of the Income-tax Act. Relying on a precedent, the HC ruled in favor of the assessee, affirming the ITAT's decision and clarifying that the expenditure does not fall under the provisions of section 37(3A). The reference was disposed of in favor of the assessee, confirming the non-applicability of the disputed tax provisions for the specified assessment year. Case-Laws Income Tax Thu, 06 Sep 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=178720