Retention Bonus for Non-Shareholding Employee Deemed Permissible Expense for Long-Term Service Agreement.

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Full Text of the Document

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....Addition of payment of retention bonus - concern employee is not holding any share of the company and he is working for the company and the amount paid is in the nature of reward given to the employee for working for a longer duration and it is absolutely contractual payment which was decided at the time of the employment of the employee to retain them - duly allowable....