General Manager - Radiology Solutions
and was drawing annual salary excluding any
performance linked bonuses of Rs.31,41,000-00 and
he was an income ... date his annual emoluments was Rs.31,41,000-00
excluding performance linked bonuses. If he had
continued and performing at the same level
were being deducted by the
company from 01.01.1989. Further a Performance Linked Bonus
Scheme (for brevity 'PLBS') was introduced by the company
management
approved
payment of performance bonus considering the nominal salary drawn by
the director and also such bonus is directly linked to business of the
assessee ... paid
performance bonus is holding 36% share capital in the company is not a
reason for the PCIT to suspect performance bonus paid
bonus paid by the assessee is not
bonus payable under the ' Bonus Act 1965' and since it is a
performance related incentive payable ... bonus
5
from last several years which is given to the employee in the form of
customer satisfaction bonus or linked to any performance based
component (comprising PSC,
IRUC and other charges which were linked to achieving
milestones or performance of obligations). To elaborate:
(a) ASC was intended ... performance; (b) PSC was
intended to be a variable charge linked to IBM achieving
milestones by IBM; (c) IRUC was intended to be a bonus
debited an
amount of ₹ 2.35 crores under the head 'Performance Linked Incentives', which
was sub-head of 'Personnel Expenses'. The assessee ... given to the employees. The
assessee explained that it was paying performance bonus to its employees
based on their individual performance rating. The assessee
annual
performance linked compensation of upto Rs.4,20,000/ only subject to
achievement of agreed targets and performance parameters. However,
plaintiff failed to achieve ... action ? OPD
3. Whether plaintiff is entitled for recovery annual performance link
compensation as alleged ? OPP
4. Whether plaintiff is entitled for the reimbursement
Samir Narain Bhojwani vs M/S Aurora Properties And Investments on 21 August, 2018
Equivalent
Jayant Verma . vs Union Of India on 16 February, 2018
Equivalent citations: AIR 2018 SUPREME
Union Of India vs Moolchand Khairati Ram Trust on 9 July, 2018
Equivalent citations: AIR
