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Case Law Details

Case Name : Commissioner of Income Tax, Moradabad & Anr. Vs M/S D.S.M. Agro Products Ltd. (Allahabad High Court)
Appeal Number : Income Tax Appeal No. - 600 of 2012
Date of Judgement/Order : 20/02/2018
Related Assessment Year :
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CIT Vs M/S D.S.M. Agro Products Ltd. (Allahabad High Court)

Where incentive bonus has been paid as a reward of good attendance and efficiency to the workers, it would be deductible under section 37 of the Act and therefore the tribunal has not erred in allowing deduction in respect of the incentive bonus in the present case also.

FULL TEXT OF THE HIGH COURT JUDGMENT / ORDER IS AS FOLLOWS:-

Heard Sri Gaurav Mahajan learned counsel for the department and Sri Arnab Banerji learned counsel for the assessee.

This is an appeal under section 260A of the Income Tax Act, 1961 filed by the department against the order dated 6.1.2006 passed by the tribunal in I.T.A. no.614/Del/2002 for the assessment year 1997-98.

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