https://www.taxtmi.com/caselaws?id=183148 Available surplus for profit bonus in a registered firm must be computed on a notional tax basis linked to the partners' share of firm income, not by treating the firm like a company or by adding registered-firm tax again, which would amount to double deduction. The Tribunal's fixation of partners' remuneration was not disturbed because the challenge rested on unreliable evidence and the record did not justify substituting a fresh estimate. Customary Diwali bonus was treated as proved where the payment was long-standing, uniform, and festival-linked; proof of a year of loss was not treated as an inflexible prerequisite where the payment was not shown to be a mere ex gratia bounty. en-us Wed, 11 Apr 1962 00:00:00 +0530 Mon, 30 May 2016 17:47:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183148 Available surplus for profit bonus in a registered firm must be computed on a notional tax basis linked to the partners' share of firm income, not by treating the firm like a company or by adding registered-firm tax again, which would amount to double deduction. The Tribunal's fixation of partners' remuneration was not disturbed because the challenge rested on unreliable evidence and the record did not justify substituting a fresh estimate. Customary Diwali bonus was treated as proved where the payment was long-standing, uniform, and festival-linked; proof of a year of loss was not treated as an inflexible prerequisite where the payment was not shown to be a mere ex gratia bounty. Case-Laws Indian Laws Wed, 11 Apr 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183148