https://www.taxtmi.com/caselaws?id=421025 The Court upheld the Tribunal's decision to delete the disallowance of bonus payments to directors for the current assessment year under Section 40A(2)(b) of the Income Tax Act, 1961. Emphasizing the importance of consistency in findings across different assessment years, the Court found no evidence that the bonus payments jeopardized the corporate entity's survival or violated relevant tax provisions. Citing precedents and interpretations of relevant sections, the Court dismissed the appeal, stating no substantial question of law arose for consideration. en-us Mon, 11 Apr 2022 00:00:00 +0530 Mon, 27 Feb 2023 11:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=421025 The Court upheld the Tribunal's decision to delete the disallowance of bonus payments to directors for the current assessment year under Section 40A(2)(b) of the Income Tax Act, 1961. Emphasizing the importance of consistency in findings across different assessment years, the Court found no evidence that the bonus payments jeopardized the corporate entity's survival or violated relevant tax provisions. Citing precedents and interpretations of relevant sections, the Court dismissed the appeal, stating no substantial question of law arose for consideration. Case-Laws Income Tax Mon, 11 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=421025