https://www.taxtmi.com/caselaws?id=23274 The High Court allowed the provision for purchase tax as a legitimate business expenditure, favoring the assessee. However, regarding the bonus payment, the Court directed the Tribunal to reevaluate its decision based on specified statutory conditions before determining its allowability as a business expenditure. en-us Thu, 07 Dec 1989 00:00:00 +0530 Fri, 18 Dec 2009 10:38:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23274 The High Court allowed the provision for purchase tax as a legitimate business expenditure, favoring the assessee. However, regarding the bonus payment, the Court directed the Tribunal to reevaluate its decision based on specified statutory conditions before determining its allowability as a business expenditure. Case-Laws Income Tax Thu, 07 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23274