https://www.taxtmi.com/caselaws?id=60004 Production bonus and productivity payment paid in addition to the statutory bonus were treated as non-deductible where they fell within the production or productivity bonus regime under section 31A of the Payment of Bonus Act, 1965; the attendance incentive was treated separately and allowed. Consultancy fee connected with issue and subscription of fresh shares was capital in nature and not allowable as revenue expenditure, while the portion, if any, attributable to loan-raising expenses required bifurcation before tax treatment could be determined. en-us Thu, 03 Dec 1987 00:00:00 +0530 Sun, 06 Feb 2011 04:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60004 Production bonus and productivity payment paid in addition to the statutory bonus were treated as non-deductible where they fell within the production or productivity bonus regime under section 31A of the Payment of Bonus Act, 1965; the attendance incentive was treated separately and allowed. Consultancy fee connected with issue and subscription of fresh shares was capital in nature and not allowable as revenue expenditure, while the portion, if any, attributable to loan-raising expenses required bifurcation before tax treatment could be determined. Case-Laws Income Tax Thu, 03 Dec 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60004