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    <title>1995 (7) TMI 50 - ALLAHABAD High Court</title>
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    <description>The High Court of Allahabad clarified that excess bonus payments not compliant with the Payment of Bonus Act, 1965 are not deductible under section 36(1)(ii) or section 37 of the Income-tax Act, 1961. The Tribunal was instructed to refer the legal question on the deduction of such excess bonus payments to the court.</description>
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      <description>The High Court of Allahabad clarified that excess bonus payments not compliant with the Payment of Bonus Act, 1965 are not deductible under section 36(1)(ii) or section 37 of the Income-tax Act, 1961. The Tribunal was instructed to refer the legal question on the deduction of such excess bonus payments to the court.</description>
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