https://www.taxtmi.com/caselaws?id=12481 Additional bonus payments to employees were treated as revenue expenditure where the income-tax authorities and the Tribunal found, on concurrent facts, that the sums were paid pursuant to board resolutions, after due sanction, and in accordance with the Bureau of Public Enterprises norms. The High Court regarded those findings as factual and therefore concluded that the Revenue's challenge did not raise any referable question of law, including on the characterisation of the payments as not ex gratia. The reference accordingly failed because the dispute turned on accepted factual findings rather than a legal issue under the Income-tax Act. en-us Tue, 09 Oct 2001 00:00:00 +0530 Tue, 02 Mar 2010 12:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=12481 Additional bonus payments to employees were treated as revenue expenditure where the income-tax authorities and the Tribunal found, on concurrent facts, that the sums were paid pursuant to board resolutions, after due sanction, and in accordance with the Bureau of Public Enterprises norms. The High Court regarded those findings as factual and therefore concluded that the Revenue's challenge did not raise any referable question of law, including on the characterisation of the payments as not ex gratia. The reference accordingly failed because the dispute turned on accepted factual findings rather than a legal issue under the Income-tax Act. Case-Laws Income Tax Tue, 09 Oct 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=12481