https://www.taxtmi.com/caselaws?id=59273 The Tribunal upheld the CIT(A)'s decision in the case concerning the disallowance of excess bonus paid by the assessee to its workers. The settlement agreement between the parties mandated the payment of additional bonus, which was found to be contractual and not subject to disallowance under the IT Act. The Tribunal relied on the interpretation in the Garware Synthetics Pvt. Ltd. case, leading to the dismissal of the revenue's appeal and affirming the CIT(A)'s order. en-us Fri, 30 Sep 1983 00:00:00 +0530 Mon, 27 Dec 2010 15:46:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59273 The Tribunal upheld the CIT(A)'s decision in the case concerning the disallowance of excess bonus paid by the assessee to its workers. The settlement agreement between the parties mandated the payment of additional bonus, which was found to be contractual and not subject to disallowance under the IT Act. The Tribunal relied on the interpretation in the Garware Synthetics Pvt. Ltd. case, leading to the dismissal of the revenue's appeal and affirming the CIT(A)'s order. Case-Laws Income Tax Fri, 30 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59273