https://www.taxtmi.com/caselaws?id=276845 Reasonableness of bonus under the proviso to section 10(2)(x) of the Indian Income-tax Act had to be assessed by reference to employees' pay and service conditions, the business profits for the year, and the general practice in comparable businesses. On the stated facts, the employees received comparatively low salaries, the business earned substantial profits, and there was no material showing the bonus to be out of line with similar concerns. The bonus was therefore not unreasonable, and the disallowance of part of it was held unjustified in favour of the assessee. en-us Fri, 30 Nov 1962 00:00:00 +0530 Mon, 19 Nov 2018 13:15:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276845 Reasonableness of bonus under the proviso to section 10(2)(x) of the Indian Income-tax Act had to be assessed by reference to employees' pay and service conditions, the business profits for the year, and the general practice in comparable businesses. On the stated facts, the employees received comparatively low salaries, the business earned substantial profits, and there was no material showing the bonus to be out of line with similar concerns. The bonus was therefore not unreasonable, and the disallowance of part of it was held unjustified in favour of the assessee. Case-Laws Income Tax Fri, 30 Nov 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276845