https://www.taxtmi.com/caselaws?id=25916 Deduction of customary bonus paid to employees was treated as allowable on the facts noted: the assessee had obtained similar deduction in earlier years, the bonus was declared before the Bonus (Amendment) Ordinance, 1975, and the payment was made for commercial expediency and to maintain good labour relations. As the rate of bonus also fell within the range permitted by the Ordinance, the Calcutta High Court found that no referable question of law arose from the Tribunal's order. The Revenue's application under section 256(2) of the Income-tax Act, 1961 therefore failed. en-us Wed, 24 Jul 1985 00:00:00 +0530 Mon, 01 Feb 2010 16:20:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25916 Deduction of customary bonus paid to employees was treated as allowable on the facts noted: the assessee had obtained similar deduction in earlier years, the bonus was declared before the Bonus (Amendment) Ordinance, 1975, and the payment was made for commercial expediency and to maintain good labour relations. As the rate of bonus also fell within the range permitted by the Ordinance, the Calcutta High Court found that no referable question of law arose from the Tribunal's order. The Revenue's application under section 256(2) of the Income-tax Act, 1961 therefore failed. Case-Laws Income Tax Wed, 24 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25916