2014 (1) TMI 1889

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.... Petitioner : Shri N. Quadir Hoseyn, Advocate For the Respondent : Shri S. Dasgupta, JCIT ORDER PER S.S.GODARA, JUDICIAL MEMBER The instant petition u/s 254(2) of the Income-tax Act, 1961 (in short the 'Act'), has been filed by the assessee seeking modification/rectification of the order dated 17.1.2013 passed by the 'tribunal'. 2. In the course of hearing, the contention of the ass....

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....rguments. Admittedly, the same have nowhere been taken up in the order sought to be modified/rectified. Accordingly, to this limited extent, we recall our order to re-examine the assessee's contentions on merits. 5. Coming to the disallowance on merits, the only reason stated right from Assessing Officer till the 'tribunal' has been that the payment of ex-gratia amounts to bonus in the nature o....