what is required to be apportioned in case of sale of bonus shares/right shares/rights, etc., is the original cost of acquisition of shares ... which it has been provided that the cost of right renunciation of bonus should be the actual sum paid by the assessee towards acquisition
erred in
disallowing the bonus amounting to Rs.21,636,500
paid by the appellant to its employees (who are also
shareholders of the appellant ... ignored
the fact that the ratio of bonus paid by the appellant is
different from the ratio of the shareholding of the
shareholders employee
liabilities for wages for damaged bidies as well as on account of bonus of Rs. 8,08,023 and Rs. 86,30,975 respectively ... debited Rs. 94,38,998 as accrued liability towards payment of bonus of bidi workers and also towards half wages for damaged bidies
following docket Note :
" In these appeals, the question is whether the bonus paid by the assessee was customary bonus or ex gratia ... Income-tax Appellate Tribunal held it to be customary bonus and hence allowable. Its decision did not travel beyond as the High Court rejected
account which has been added u/s.68. In six
cases, the bonus share issued by the respective assessee
company has also been added ... Share Capital (including
bonus shares of Rs.
18,22,80,000/-) - section 68
10. Starlight Consumer Electronic
Bonus card Provision disallowed Rs. 5,04,54,574/-
4. Capital expenditure claimed as Rs. 6,49,09,981/-
repair
5. Under Valuation of closing ... also granted relief in respect of provision for bonus
card unredeemed points liability of Rs. 5,04,54,574/- and disallowance of
repairs incurred
ensure that all statutory liabilities (e.g., excise duty, sales tax, bonus, gratuity) are adequately provided. As regards contractual liabilities which are in dispute ... cases dealt with the special provisions for deduction for "profit bonus". In the third case, there was damages for breach of contract
account of provision made for bonus (assessment year wise). The Assessing
Officer admittedly treated the same as a contingent liability only. We notice
that ... added
back an amount of Rs. 13,72,726/- as Provision for Bonus. Relevant
portions of the Assessing Officer's order has been reproduced
well as with some additional quantity, in another pack, called as bonus/promo pack, against the same MRP. For example, the packs containing ... lubricating oil with 5 ltrs. Pack, called as bonus/promo pack cleared with the same MRP. Revenue issued show cause notices to the appellant alleging
perquisites in the total income. The assessee was in receipt of bonus commission from the LIC, for procuring more business for the Corporation ... encouraging the agents. 25 per cent of the amounts received as bonus commission was claimed by the assessee as incurred for procuring more business. According
