https://www.taxtmi.com/caselaws?id=23146 The High Court ruled against the deletion of the ex gratia payment deduction exceeding the statutory bonus limit, emphasizing the need for a thorough evaluation based on the Income-tax Act provisions and relevant legal precedents. The Tribunal was instructed to reconsider the matter, considering the principles laid down in the cited cases and remit the issue to the assessing authority if deemed necessary for a just and proper decision. en-us Wed, 06 Jun 1990 00:00:00 +0530 Thu, 17 Dec 2009 10:56:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23146 The High Court ruled against the deletion of the ex gratia payment deduction exceeding the statutory bonus limit, emphasizing the need for a thorough evaluation based on the Income-tax Act provisions and relevant legal precedents. The Tribunal was instructed to reconsider the matter, considering the principles laid down in the cited cases and remit the issue to the assessing authority if deemed necessary for a just and proper decision. Case-Laws Income Tax Wed, 06 Jun 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23146