1962 (11) TMI 80

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... "Whether the Tribunal misdirected itself in law in disallowing a part of the bonus paid to the employees ?" In the year of account ending on March 31, 1956, the assessee made a profit of Rs. 91,812 on his grocery business. He paid Rs. 10,125 towards bonus that year to his 34 employees in this business. They had been paid during that year Rs. 16,000 and odd as salary and the whole of this amoun....