https://www.taxtmi.com/caselaws?id=9446 Incentive bonus paid to employees, though not allowable as bonus under section 36(1)(ii), was deductible as business expenditure under section 37(1) because it was paid at varying percentages of salary on performance appraisal and time scale, and was treated as additional salary linked to productivity and efficiency rather than profit-linked bonus. On that factual basis, the payment was expenditure laid out wholly and exclusively for business, and the claim remained allowable under section 37(1). en-us Wed, 20 Apr 2005 00:00:00 +0530 Tue, 23 Jun 2009 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9446 Incentive bonus paid to employees, though not allowable as bonus under section 36(1)(ii), was deductible as business expenditure under section 37(1) because it was paid at varying percentages of salary on performance appraisal and time scale, and was treated as additional salary linked to productivity and efficiency rather than profit-linked bonus. On that factual basis, the payment was expenditure laid out wholly and exclusively for business, and the claim remained allowable under section 37(1). Case-Laws Income Tax Wed, 20 Apr 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9446