Vanaja Textiles Ltd. vs Commissioner Of Income-Tax on 29 October, 1993
JUDGMENT
Varghese Kalliath
cases is the "head of income" under which "incentive bonus" received by the assessees who are Development Officers employed ... Tribunal is right in law in allowing any deduction separately from incentive bonus ?
(2) Whether, on the facts and in the circumstances of the case
fact in confirming the finding of the Appellate Assistant Commissioner that festival bonus payments are not governed by the Payment of Bonus Act ?
3. Whether ... bonus paid to his employees. The Income-tax Officer disallowed Rs. 12,525 and allowed only Rs. 47,020 being what he found
industrial Disputes Act to a claim for bonus under the Payment of Bonus Act arises for determination in this appeal.
2. The facts ... appellants are two employees of a Tile and Match Factory, claiming bonus for the year 1978-79 at the rate of 17.75 per cent
assessee for the deduction of amounts paid or payable by way of bonus for the said two years. The assessee is a non-resident sterling ... right in disallowing an amount of Rs. 19,53,904 being bonus paid during the accounting year, but relating to the year preceding the accounting
employment of the three workmen and the second, to their claim for bonus, for the years 1953 to 1956. At an early stage ... each of the workmen at rates specified, and also two months' bonus for the years 1954 and 1955 to two of them. This petition
justified in holding that the assessee is entitled to claim deduction towards bonus paid in excess of the statutory bonus ?"
2. The assessee ... that has to be considered relates to the claim of deduction towards bonus paid in excess of the statutory bonus. On similar facts, we have
case, the Tribunal was correct in holding that the payment of bonus was contractual bonus and that it did not attract the provisions of Section ... assessee paid a sum of Rs. 77,200 by way of bonus to its employees. It was contended before the Income-tax Officer that
case, the assessee is entitled to claim deduction for 'goodwill bonus' under the Income-tax Act ?
(2) (a) Whether, on the facts ... right and had materials in considering/treating the so-called 'goodwill bonus' as to 'made up the customary bonus
circumstances of the ease, the Tribunal is right in holding that the bonus paid as per the settlement arrived at at a conciliation conference does ... come within the purview of the Payment of Bonus Act and, therefore, the first proviso to Section 36(1)(ii) of the Income