https://www.taxtmi.com/caselaws?id=18593 The High Court of Gujarat addressed the issues of the allowability of a liability under the Payment of Bonus Act for the assessment year 1977-78, the inclusion of commission in remuneration for disallowance under section 40(c) of the Act, and the treatment of additional payment due to foreign exchange differences as capital expenditure. The court held that the liability for the Payment of Bonus Act was allowable under the Income-tax Act, considered commission as part of remuneration subject to disallowance, and classified the foreign exchange difference payment as capital expenditure, ruling in favor of the Revenue in all three issues. en-us Fri, 06 Oct 1995 00:00:00 +0530 Thu, 01 Oct 2009 18:26:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18593 The High Court of Gujarat addressed the issues of the allowability of a liability under the Payment of Bonus Act for the assessment year 1977-78, the inclusion of commission in remuneration for disallowance under section 40(c) of the Act, and the treatment of additional payment due to foreign exchange differences as capital expenditure. The court held that the liability for the Payment of Bonus Act was allowable under the Income-tax Act, considered commission as part of remuneration subject to disallowance, and classified the foreign exchange difference payment as capital expenditure, ruling in favor of the Revenue in all three issues. Case-Laws Income Tax Fri, 06 Oct 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18593