https://www.taxtmi.com/caselaws?id=60421 The Tribunal allowed the appeal, deleting the disallowances of monthly incentive wages amounting to Rs. 3,66,579 and special incentive amounting to Rs. 1,30,135 from the total income of the assessee-company. The disallowances were based on the first proviso to Section 36(1)(ii) of the Income Tax Act, 1961, which was found inapplicable as the incentives were determined by production achievements and not linked to profits, distinguishing them from bonuses under the Payment of Bonus Act, 1965. en-us Tue, 27 May 1986 00:00:00 +0530 Wed, 05 Jan 2011 12:23:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60421 The Tribunal allowed the appeal, deleting the disallowances of monthly incentive wages amounting to Rs. 3,66,579 and special incentive amounting to Rs. 1,30,135 from the total income of the assessee-company. The disallowances were based on the first proviso to Section 36(1)(ii) of the Income Tax Act, 1961, which was found inapplicable as the incentives were determined by production achievements and not linked to profits, distinguishing them from bonuses under the Payment of Bonus Act, 1965. Case-Laws Income Tax Tue, 27 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60421