https://www.taxtmi.com/caselaws?id=772827 Deduction of bonus expenditure under section 43B depends on proof of actual payment and supporting documents; where the record is incomplete, the matter must be verified by the assessing authority and the claim may be allowed on furnishing evidence. A further disallowance of interest under section 23 of the MSMED Act was held to be impermissible where the same amount had already been included in the assessee's own disallowance in the return, as that would create a double disallowance. The discussion therefore treats factual verification as essential for the bonus claim and rejects duplication of the same inadmissible expenditure in processing the return. en-us Mon, 07 Apr 2025 00:00:00 +0530 Sat, 14 Jun 2025 06:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772827 Deduction of bonus expenditure under section 43B depends on proof of actual payment and supporting documents; where the record is incomplete, the matter must be verified by the assessing authority and the claim may be allowed on furnishing evidence. A further disallowance of interest under section 23 of the MSMED Act was held to be impermissible where the same amount had already been included in the assessee's own disallowance in the return, as that would create a double disallowance. The discussion therefore treats factual verification as essential for the bonus claim and rejects duplication of the same inadmissible expenditure in processing the return. Case-Laws Income Tax Mon, 07 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772827