https://www.taxtmi.com/caselaws?id=17677 The Tribunal upheld the deletion of disallowances for provision of bonus and non-lifting commission, ruling in favor of the assessee. The provision for bonus at 24% was allowed as it related to the year under appeal and was not subject to a later-inserted proviso. The non-lifting commission was considered deductible as it was incurred for business considerations and commercial expediency. The Tribunal cited precedents supporting the deductibility of extra bonus payments for industrial peace under section 37(1) of the Income-tax Act. The judgment favored the assessee, with no order as to costs. en-us Wed, 01 May 1996 00:00:00 +0530 Thu, 24 Sep 2009 11:20:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17677 The Tribunal upheld the deletion of disallowances for provision of bonus and non-lifting commission, ruling in favor of the assessee. The provision for bonus at 24% was allowed as it related to the year under appeal and was not subject to a later-inserted proviso. The non-lifting commission was considered deductible as it was incurred for business considerations and commercial expediency. The Tribunal cited precedents supporting the deductibility of extra bonus payments for industrial peace under section 37(1) of the Income-tax Act. The judgment favored the assessee, with no order as to costs. Case-Laws Income Tax Wed, 01 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17677