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1984 (6) TMI 38 - HC - Income TaxExtract: .......n Ltd. 1984 145 ITR 24 (AP). Following the above view, we hold that no part of the bonus paid to the employees in cash could be disallowed under s. 40(c)(iii) of the I.T. Act, 1961. In the result, both the questions are answered in favour of the assessee and against the Revenue. In the circumstances of the case, there shall be no order as to costs.
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