S. 43B Depositing bonus in separate bank account not amount to payment

HIGH COURT OF MADRAS Thanjavur Textiles Ltd. versus Joint Commissioner of Income-tax, Special Range-I TAX CASE (APPEAL) NO. 635 OF 2006 JULY 19, 2012 JUDGMENT Mrs. Chitra Venkataraman, J   This Tax Case (Appeal), filed at the instance of the assessee as against the order of the Income Tax Appellate Tribunal relating to the assessment year 1997-98, was admitted by this Court on the following substantial questions of law: “1.  Whether in the facts and circumstances of the case, the Tribunal ought to have considered the fact that the act of depositing the bonus amounts pa...