https://www.taxtmi.com/caselaws?id=59988 Payment of bonus above 4 per cent was treated as permissible because the relevant provision was read as imposing only a statutory minimum, not a ceiling on employer bonus. The assessee's consistent past practice of paying bonus at 8.33 per cent was accepted as evidence of a customary bonus pattern, and the payment was regarded as commercially expedient in preserving employee relations. On that basis, the excess bonus was held not to fall within the disallowance view taken by the assessing authority, and the disallowance was deleted. en-us Mon, 24 Oct 1983 00:00:00 +0530 Mon, 03 Jan 2011 11:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=59988 Payment of bonus above 4 per cent was treated as permissible because the relevant provision was read as imposing only a statutory minimum, not a ceiling on employer bonus. The assessee's consistent past practice of paying bonus at 8.33 per cent was accepted as evidence of a customary bonus pattern, and the payment was regarded as commercially expedient in preserving employee relations. On that basis, the excess bonus was held not to fall within the disallowance view taken by the assessing authority, and the disallowance was deleted. Case-Laws Income Tax Mon, 24 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=59988