https://www.taxtmi.com/caselaws?id=17311 The court ruled in favor of the assessee on both issues regarding the deduction of recoverable bonus and payments under the Voluntary Retirement Scheme. The court allowed the deduction of the recoverable bonus based on similar cases and held that the payments under the Voluntary Retirement Scheme were deductible for business purposes and maintaining good labor relations. The court's decision was in line with established principles and previous judgments. en-us Thu, 13 Jun 1996 00:00:00 +0530 Mon, 21 Sep 2009 14:04:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17311 The court ruled in favor of the assessee on both issues regarding the deduction of recoverable bonus and payments under the Voluntary Retirement Scheme. The court allowed the deduction of the recoverable bonus based on similar cases and held that the payments under the Voluntary Retirement Scheme were deductible for business purposes and maintaining good labor relations. The court's decision was in line with established principles and previous judgments. Case-Laws Income Tax Thu, 13 Jun 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17311