https://www.taxtmi.com/caselaws?id=57162 Bonus actually paid during the relevant year pursuant to an employee agreement was treated as current year expenditure, even though the amount was computed partly by reference to an earlier year's average salary. The earlier year's average salary was only a calculation method and did not change the character of the payment. As the liability was not shown to be excessive or beyond permissible bonus limits, the disallowance was held unsustainable and the full bonus deduction was allowed. en-us Sat, 21 Aug 1982 00:00:00 +0530 Wed, 08 Dec 2010 16:41:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57162 Bonus actually paid during the relevant year pursuant to an employee agreement was treated as current year expenditure, even though the amount was computed partly by reference to an earlier year's average salary. The earlier year's average salary was only a calculation method and did not change the character of the payment. As the liability was not shown to be excessive or beyond permissible bonus limits, the disallowance was held unsustainable and the full bonus deduction was allowed. Case-Laws Income Tax Sat, 21 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57162