https://www.taxtmi.com/caselaws?id=21960 The High Court, with Judges Shyamal Kumar Sen and Ajit Kumar Sengupta, ruled in favor of the assessee, allowing the deduction for the excess bonus payment. The Court found the explanation for the provision discrepancy acceptable, stating the bonus liability was statutory. The decision aligned with legal precedents, including a Supreme Court case, supporting deductions for statutory liabilities. Consequently, the Court answered affirmatively in favor of the assessee, with no order as to costs. en-us Tue, 29 Jan 1991 00:00:00 +0530 Sat, 05 Dec 2009 11:08:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21960 The High Court, with Judges Shyamal Kumar Sen and Ajit Kumar Sengupta, ruled in favor of the assessee, allowing the deduction for the excess bonus payment. The Court found the explanation for the provision discrepancy acceptable, stating the bonus liability was statutory. The decision aligned with legal precedents, including a Supreme Court case, supporting deductions for statutory liabilities. Consequently, the Court answered affirmatively in favor of the assessee, with no order as to costs. Case-Laws Income Tax Tue, 29 Jan 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21960