Performance incentive not paid before due date of return not allowable

Hyundai Motor India Ltd. Vs ACIT (ITAT Chennai)

The next issue that came up for consideration from ground No. 6 of assessee appeal is disallowance u/s.43B(c) of the Act, in respect of performance incentive paid to employees. Facts with regard to impugned dispute are that for the financial year relevant to the assessment year 2016-17, the assessee has paid performance reward to employees in the cadre of executives and senior executives. The assessee has provided for expenses for the year ended March, 2016. However, payment wa

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