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1997 (2) TMI 49 - MADRAS HIGH COURTExtract: ....... Rs. 2,05,201 paid by the assessee-company, in pursuance of the settlement under the Industrial Disputes Act, 1947, cannot be regarded as bonus and it is liable to be treated as business expenditure under section 37 of the Act. In this view of the matter, we answer the question referred to us in the affirmative and against the Department. No costs.
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