https://www.taxtmi.com/caselaws?id=22816 The High Court of Kerala directed the Income-tax Appellate Tribunal to reevaluate a case involving the deductibility of a company's bonus payment to workers under section 36(1)(ii) of the Income-tax Act. The Tribunal's decision was deemed unsatisfactory for failing to consider established principles from previous court decisions. The court instructed a reassessment based on these precedents and ordered the Tribunal to potentially remit the case for further evaluation if necessary. The judgment concluded by disposing of the reference and forwarding a copy to the Income-tax Appellate Tribunal, Cochin Bench for appropriate action. en-us Fri, 05 Oct 1990 00:00:00 +0530 Mon, 14 Dec 2009 12:57:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22816 The High Court of Kerala directed the Income-tax Appellate Tribunal to reevaluate a case involving the deductibility of a company's bonus payment to workers under section 36(1)(ii) of the Income-tax Act. The Tribunal's decision was deemed unsatisfactory for failing to consider established principles from previous court decisions. The court instructed a reassessment based on these precedents and ordered the Tribunal to potentially remit the case for further evaluation if necessary. The judgment concluded by disposing of the reference and forwarding a copy to the Income-tax Appellate Tribunal, Cochin Bench for appropriate action. Case-Laws Income Tax Fri, 05 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22816