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1997 (12) TMI 60 - HC - Income TaxExtract: ....... deduction of bonus in excess of 20 per cent. as the amount was paid on the basis of commercial expediency. Viewed in any manner, we hold that the Tribunal has come to the correct conclusion. In fine, we answer both the questions of law in the affirmative and against the Revenue. There will be no order as to costs, in the circumstances of the case.
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