1983 (9) TMI 120

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.... on account of excess bonus paid by the assessee to its workers. 2. This appeal relates to the income-tax assessment of M/s Shuraguwa Industries Pvt. Ltd., the assessment year is 1980-81 for which the previous year ended on 31st December 1979. The assessee-firm carries on business of structural engineers and manufactures spare parts of machineries. During this year, the assessee had debited a s....

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....9,926 under the first proviso to s. 36(1) (ii) of the IT Act, as this amount of bonus was not payable under the Bonus Act, 1965. On appeal, the CIT(A) found that there was a settlement with the workers and the bonus fell under the category for which the payment of Bonus Act would not be applicable as held by the I.T.A. Tribunal in the case of Garware Synthetics Pvt. Ltd. vs. ITO in I.T.A. No. 3274....

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....in the above submissions. It would be noticed from the facts discussed above, that there is no dispute about the bonus of Rs. 18,000 paid at 8.33 per cent and debited in the assessee's accounts in the accounting year ended 31st December 1978 relevant for the asst. yr. 1979-80. The present amount of Rs. 19,926 represents the additional bonus which the appellant had to pay to its workers under the S....