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1980 (3) TMI 47 - BOMBAY HIGH COURTExtract: .......nus, the amounts so set apart clearly represented an ascertained present liability in respect of payment of bonus. These amounts were, therefore, rightly treated as debt owed by the Tribunal. In this view of the matter, the question referred must be answered in the affirmative and in favour of the assessee. The revenue to pay costs to the assessee.
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