https://www.taxtmi.com/caselaws?id=13868 Ex gratia bonus paid to employees, when incurred for business purposes and meeting the conditions of the second proviso to section 36(1)(ii), remained deductible under the Income-tax Act, 1961. The distinction between statutory bonus under the Payment of Bonus Act, 1965 and customary or ex gratia bonus was applied, and the two were treated as operating in different fields without conflict. On that basis, the allowance of the claim was upheld and the Commissioner's revisionary jurisdiction under section 263 could not be sustained where the assessment was in accordance with law. en-us Thu, 02 Aug 2001 00:00:00 +0530 Sat, 04 Jul 2009 15:53:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13868 Ex gratia bonus paid to employees, when incurred for business purposes and meeting the conditions of the second proviso to section 36(1)(ii), remained deductible under the Income-tax Act, 1961. The distinction between statutory bonus under the Payment of Bonus Act, 1965 and customary or ex gratia bonus was applied, and the two were treated as operating in different fields without conflict. On that basis, the allowance of the claim was upheld and the Commissioner's revisionary jurisdiction under section 263 could not be sustained where the assessment was in accordance with law. Case-Laws Income Tax Thu, 02 Aug 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13868