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2009 (4) TMI 5 - HC - Income TaxWhether the provisions for set-on liability (to meet a future shortfall) u/s 15 of the Payment of Bonus Act was allowable deduction - shortfall and extent of the liability cannot be estimated with reasonable certainty - deduction claimed is not an accrued liability but only a provision u/s 15(1) of the Payment of Bonus Act to meet a future liability, if any – therefore, amount is not allowable as a deduction – further, sur-tax payment is also not an allowable deduction u/s 37
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