https://www.taxtmi.com/caselaws?id=16493 Provision made for employee bonus was held allowable as a deduction because the amount had not been paid by year-end, but clause (c) of section 43B of the Income-tax Act applied only from 1 April 1989 and was not applicable to the relevant assessment year. The amount was also found not to fall within the extended expression relating to an employee welfare fund, and section 43B(b) was held inapplicable on the facts. The assessee therefore succeeded on the reference. en-us Fri, 03 Oct 1997 00:00:00 +0530 Tue, 08 Sep 2009 11:50:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16493 Provision made for employee bonus was held allowable as a deduction because the amount had not been paid by year-end, but clause (c) of section 43B of the Income-tax Act applied only from 1 April 1989 and was not applicable to the relevant assessment year. The amount was also found not to fall within the extended expression relating to an employee welfare fund, and section 43B(b) was held inapplicable on the facts. The assessee therefore succeeded on the reference. Case-Laws Income Tax Fri, 03 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16493