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2005 (2) TMI 59 - ALLAHABAD HIGH COURT"Whether, Tribunal is correct in law in holding that the payment of Rs. 24,674 under the head 'Bonus to senior members of employees who are not entitled to receive the bonus under the provisions of the Payment of Bonus Act, 1965, is an admissible expenditure' under the Income-tax Act?" - we answer the question referred to us in the negative, i.e., in favour of the Department and against the assessee.
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