https://www.taxtmi.com/caselaws?id=22914 The High Court of CALCUTTA upheld the Tribunal's decision, affirming the allowability of the provision for expenses related to bonus payments and supporting the direction regarding the development rebate. The judgment clarified the statutory nature of bonus payments and applied relevant precedents in determining the development rebate, ruling in favor of the assessee on both issues. en-us Thu, 09 Feb 1989 00:00:00 +0530 Tue, 15 Dec 2009 13:12:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22914 The High Court of CALCUTTA upheld the Tribunal's decision, affirming the allowability of the provision for expenses related to bonus payments and supporting the direction regarding the development rebate. The judgment clarified the statutory nature of bonus payments and applied relevant precedents in determining the development rebate, ruling in favor of the assessee on both issues. Case-Laws Income Tax Thu, 09 Feb 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22914