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1965 (7) TMI 39 - HC - Income TaxBonus or Commission - Assessment year 1949-50 - Assessee company which was following mercantile system of account was claiming deduction of bonus on actual payment basis - Whether liability for payment of bonus is incurred only when conditions for making such claim are satisfied or claim is settled amicable or by industrial adjudication and therefore when liability was unascertained even on mercantile system of accounting it could not be allowed as deduction under section 10(2)(x) of 1922 Act
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