https://www.taxtmi.com/caselaws?id=378116 The tribunal allowed the appeal, directing the Assessing Officer to delete the disallowance of Rs. 120,65,600/- regarding the bonus paid to a shareholder under Section 36(1)(ii) of the Income Tax Act, 1961. The tribunal found that the bonus was paid for services rendered and not in lieu of dividends, thus justifying the decision in favor of the assessee. en-us Fri, 05 Apr 2019 00:00:00 +0530 Tue, 09 Apr 2019 06:43:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378116 The tribunal allowed the appeal, directing the Assessing Officer to delete the disallowance of Rs. 120,65,600/- regarding the bonus paid to a shareholder under Section 36(1)(ii) of the Income Tax Act, 1961. The tribunal found that the bonus was paid for services rendered and not in lieu of dividends, thus justifying the decision in favor of the assessee. Case-Laws Income Tax Fri, 05 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378116