https://www.taxtmi.com/caselaws?id=59188 A binding settlement-based bonus payable at 20% of wages, unrelated to profits or productivity, was treated as an accrued business liability under the mercantile system and not barred by section 36(1)(ii), so the deduction was allowed. General charges were examined item-wise and only a reduced disallowance was justified because part of the expenditure could properly be regarded as entertainment or not wholly business-related, so the assessee succeeded partly. Mango gifts to customers were treated as ordinary business expenditure and allowed. Relief under section 35B was left undisturbed because it conformed to the earlier year's order. en-us Fri, 30 Apr 1982 00:00:00 +0530 Sat, 25 Dec 2010 14:24:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59188 A binding settlement-based bonus payable at 20% of wages, unrelated to profits or productivity, was treated as an accrued business liability under the mercantile system and not barred by section 36(1)(ii), so the deduction was allowed. General charges were examined item-wise and only a reduced disallowance was justified because part of the expenditure could properly be regarded as entertainment or not wholly business-related, so the assessee succeeded partly. Mango gifts to customers were treated as ordinary business expenditure and allowed. Relief under section 35B was left undisturbed because it conformed to the earlier year's order. Case-Laws Income Tax Fri, 30 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59188