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1984 (7) TMI 126 - ITAT CALCUTTA-CExtract: .......r s. 36 of the Act, of course subject to the limit of 20 per cent of the salary and wages of the employees, in addition to the statutory bonus paid to them. The assessee-company is, therefore, entitled to deduction of the entire amount of bonus paid. We, therefore, affirm the order of the CIT(A), but on the reasoning other than that adopted by him.
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