https://www.taxtmi.com/caselaws?id=21436 The High Court of Calcutta upheld the Tribunal's decisions, allowing bonus payments exceeding allocable surplus under section 36(1)(ii) of the Income-tax Act and the contribution to the gratuity fund under section 43B. The Court emphasized the importance of prior judgments and statutory provisions in granting these deductions, affirming the legality of the deductions claimed by the assessee. en-us Mon, 17 Jun 1991 00:00:00 +0530 Tue, 24 Nov 2009 13:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21436 The High Court of Calcutta upheld the Tribunal's decisions, allowing bonus payments exceeding allocable surplus under section 36(1)(ii) of the Income-tax Act and the contribution to the gratuity fund under section 43B. The Court emphasized the importance of prior judgments and statutory provisions in granting these deductions, affirming the legality of the deductions claimed by the assessee. Case-Laws Income Tax Mon, 17 Jun 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21436