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2018 (12) TMI 1844 - AT - Income TaxDeduction of ex-gratia payment made by assessee to its employees - HELD THAT:- Issue decided in own case [2017 (7) TMI 1372 - BOMBAY HIGH COURT] Section 63 of the Act empowers the Board of Directors to approve payment of ex-gratia amount to its employees. It is also observed by the Tribunal that the assessee has been extending incentives to employees for the proceeding years and the subsequent years also and the same is accepted by the Revenue. Thus been held that ex-gratia payment made by the employer to its employees is on account of commercial expediency and hence allowable. Appeal filed by the Revenue is dismissed.
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