https://www.taxtmi.com/caselaws?id=57588 Customary bonus paid to employees on Diwali every year was treated as a customary, not statutory, bonus, so the ceiling in the proviso to section 36(1)(ii) did not apply. The distinction drawn between bonus under the bonus legislation and puja or other customary bonus meant the payment was allowable as business expenditure. The disallowance was therefore unsustainable. en-us Mon, 15 Mar 1982 00:00:00 +0530 Fri, 10 Dec 2010 19:02:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57588 Customary bonus paid to employees on Diwali every year was treated as a customary, not statutory, bonus, so the ceiling in the proviso to section 36(1)(ii) did not apply. The distinction drawn between bonus under the bonus legislation and puja or other customary bonus meant the payment was allowable as business expenditure. The disallowance was therefore unsustainable. Case-Laws Income Tax Mon, 15 Mar 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57588