https://www.taxtmi.com/caselaws?id=430608 The Tribunal ruled in favor of the assessee in a case challenging the disallowance of a deduction claimed for bonus paid to employees under section 36(1)(ii) of the Income-tax Act, 1961. The disallowance was deemed unwarranted as per the decision in M/s. Dalal Broacha Stock Broking Pvt. Ltd. case, emphasizing that bonus or commission paid to employees should be allowed as a deduction. Additionally, the Tribunal remanded the issue of an unsecured loan added under section 68 back to the Assessing Officer for fresh adjudication, stressing the importance of admitting crucial evidence despite technicalities. The appeal was partly allowed in favor of the assessee. en-us Tue, 25 Oct 2022 00:00:00 +0530 Wed, 23 Nov 2022 10:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430608 The Tribunal ruled in favor of the assessee in a case challenging the disallowance of a deduction claimed for bonus paid to employees under section 36(1)(ii) of the Income-tax Act, 1961. The disallowance was deemed unwarranted as per the decision in M/s. Dalal Broacha Stock Broking Pvt. Ltd. case, emphasizing that bonus or commission paid to employees should be allowed as a deduction. Additionally, the Tribunal remanded the issue of an unsecured loan added under section 68 back to the Assessing Officer for fresh adjudication, stressing the importance of admitting crucial evidence despite technicalities. The appeal was partly allowed in favor of the assessee. Case-Laws Income Tax Tue, 25 Oct 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430608