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2007 (5) TMI 218 - HC - Income TaxPerquisite to employee cannot be disallowed in hands of employer in terms of rule 3 - unilateral entry on part of assessee to write back the amount on ground of limitation does not amount to cessation of liability, so not chargeable u/s 41 - Additions towards cessation/remission of liability are not justified - even if there was change of accounting system from cash to mercantile, payment of bonus to employees are allowed to deduction in A.Y. in question – revenue’s appeal dismissed
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