https://www.taxtmi.com/caselaws?id=27178 Incentive bonus paid over and above regular bonus under the Payment of Bonus Act was treated as deductible business expenditure under section 37 of the Income-tax Act, while section 36(1)(ii) was held inapplicable because it governs bonus paid under the Bonus Act. The payment was viewed as laid out wholly and exclusively for the purposes of business, consistent with an earlier view on similar bonus payments. No subsisting question of law remained on the reference. en-us Mon, 10 Dec 1984 00:00:00 +0530 Thu, 11 Feb 2010 12:45:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27178 Incentive bonus paid over and above regular bonus under the Payment of Bonus Act was treated as deductible business expenditure under section 37 of the Income-tax Act, while section 36(1)(ii) was held inapplicable because it governs bonus paid under the Bonus Act. The payment was viewed as laid out wholly and exclusively for the purposes of business, consistent with an earlier view on similar bonus payments. No subsisting question of law remained on the reference. Case-Laws Income Tax Mon, 10 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27178