https://www.taxtmi.com/caselaws?id=183532 In bonus computation under the Payment of Bonus Act, direct tax must be worked out on gross profits after prior charges, but without first deducting the bonus payable for the year, and the earlier settled method was affirmed. Ex-gratia payments made to higher-paid employees outside the statutory bonus formula were not deductible from gross profits. Return on provision for doubtful debts remained inadmissible in gross-profit computation. The objections concerning voluntary retirement scheme expenditure, extra shift allowance, repairs and renewals, and set-on for the prior year were rejected on the facts, while voluntary retirement expenditure was treated as an allowable commercial outgoing. en-us Tue, 11 Apr 1972 00:00:00 +0530 Mon, 13 Jun 2016 17:14:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=183532 In bonus computation under the Payment of Bonus Act, direct tax must be worked out on gross profits after prior charges, but without first deducting the bonus payable for the year, and the earlier settled method was affirmed. Ex-gratia payments made to higher-paid employees outside the statutory bonus formula were not deductible from gross profits. Return on provision for doubtful debts remained inadmissible in gross-profit computation. The objections concerning voluntary retirement scheme expenditure, extra shift allowance, repairs and renewals, and set-on for the prior year were rejected on the facts, while voluntary retirement expenditure was treated as an allowable commercial outgoing. Case-Laws Indian Laws Tue, 11 Apr 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=183532