https://www.taxtmi.com/caselaws?id=472453 Cash bonus paid to identified regular employees is not disallowable merely because it was paid in cash where the employees' identities and the genuineness of payment are undisputed. Section 40A(3), read with Rule 6DD, targets tax evasion and the use of unaccounted money rather than genuine, bona fide business expenditure. Bonus paid within the statutory payment period is deductible on actual payment under Section 43B. Accordingly, genuine cash bonus payments satisfying these conditions remain allowable business deductions. en-us Mon, 21 Apr 2025 00:00:00 +0530 Tue, 13 Oct 2026 13:41:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=472453 Cash bonus paid to identified regular employees is not disallowable merely because it was paid in cash where the employees' identities and the genuineness of payment are undisputed. Section 40A(3), read with Rule 6DD, targets tax evasion and the use of unaccounted money rather than genuine, bona fide business expenditure. Bonus paid within the statutory payment period is deductible on actual payment under Section 43B. Accordingly, genuine cash bonus payments satisfying these conditions remain allowable business deductions. Case-Laws Income Tax Mon, 21 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=472453