https://www.taxtmi.com/caselaws?id=23506 The High Court of Kerala addressed the issue of excess bonus payment disallowance under the Income-tax Act. The Tribunal held that contractual bonus is outside the Payment of Bonus Act's scope, thus not subject to its limits. The Court emphasized adherence to statutory guidelines for bonus payment assessment, directing the Tribunal to reconsider the matter in line with previous judgments and statutory provisions. The Court did not provide a direct answer but instructed a review based on the Income-tax Act's provisions and previous decisions. en-us Fri, 01 Dec 1989 00:00:00 +0530 Sat, 19 Dec 2009 18:05:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23506 The High Court of Kerala addressed the issue of excess bonus payment disallowance under the Income-tax Act. The Tribunal held that contractual bonus is outside the Payment of Bonus Act's scope, thus not subject to its limits. The Court emphasized adherence to statutory guidelines for bonus payment assessment, directing the Tribunal to reconsider the matter in line with previous judgments and statutory provisions. The Court did not provide a direct answer but instructed a review based on the Income-tax Act's provisions and previous decisions. Case-Laws Income Tax Fri, 01 Dec 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23506