https://www.taxtmi.com/caselaws?id=16863 The High Court ruled in favor of the Revenue regarding the treatment of the reserve from sales for the construction of a molasses tank under the Molasses Control Order, 1961, considering it as a revenue receipt assessable to tax. However, the Court decided in favor of the assessee concerning the allowance of bonus to agricultural staff, allowing the deduction of bonus paid despite the claim not being initially raised before the Assessing Officer. en-us Thu, 06 Mar 1997 00:00:00 +0530 Sat, 12 Sep 2009 16:23:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16863 The High Court ruled in favor of the Revenue regarding the treatment of the reserve from sales for the construction of a molasses tank under the Molasses Control Order, 1961, considering it as a revenue receipt assessable to tax. However, the Court decided in favor of the assessee concerning the allowance of bonus to agricultural staff, allowing the deduction of bonus paid despite the claim not being initially raised before the Assessing Officer. Case-Laws Income Tax Thu, 06 Mar 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16863