1982 (8) TMI 78

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....ly ground is regarding the disallowance of a part of the bonus claimed by the assessee. The ITO found that a sum of Rs. 61,467 was claimed as bonus. He further found that this included Rs. 24,216 which was bonus related to the year 1976. It was contended before the ITO that in the earlier year the company was running in loss and no bonus was paid and no provision was made. It was further stated th....

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....ills Pvt. Ltd. Vs. CIT (1976) 105 ITR 335 (All). The ld. CIT (Appeals), however, did not accept the claim of the assessee and he observed that for an earlier year also the assessee had the responsibility of providing for bonus which was a statutory liability. The CIT (Appeals) declined to consider the letter evidencing the settlement of dispute and upheld the disallowance of Rs. 24,216. 3. It h....