https://www.taxtmi.com/caselaws?id=450885 Employee remuneration that accrued during the relevant year was deductible in that year on mercantile principles, even though later settlement quantified the liability, because the obligation related to services rendered in the year under consideration. Ex gratia bonus paid over and above the statutory bonus entitlement was also allowable as business expenditure where it was incurred in the course of business for employees and was not disallowed merely because it exceeded the amount payable under bonus legislation. The assessee's deduction claim was therefore accepted. en-us Fri, 08 Mar 2024 00:00:00 +0530 Wed, 09 Jul 2025 17:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=450885 Employee remuneration that accrued during the relevant year was deductible in that year on mercantile principles, even though later settlement quantified the liability, because the obligation related to services rendered in the year under consideration. Ex gratia bonus paid over and above the statutory bonus entitlement was also allowable as business expenditure where it was incurred in the course of business for employees and was not disallowed merely because it exceeded the amount payable under bonus legislation. The assessee's deduction claim was therefore accepted. Case-Laws Income Tax Fri, 08 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=450885