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2002 (12) TMI 21 - HC - Income TaxFor the assessment year 1992-93, the assessee claimed a sum of Rs. 23,46,558 towards payment of bonus which includes a sum of Rs. 12,81,108 a liability as per the agreement for payment of bonus entered into on December 22, 1992. In the assessment the Assessing Officer allowed deduction for a sum of Rs. 10,65,450 only which was the provision created in the accounts during the previous year and disallowed the balance of Rs. 12,81,108. - Commissioner (Appeals) allowed the claim of the assessee for deduction of the total sum of Rs. 23,46,558 as the assessee has made the payment before the due date for filing the return under section 139(1) read with the first proviso to section 43B. – Tribunal upheld the order of Commissioner – no infirmity in Tribunal’s order
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