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1975 (4) TMI 18 - ALLAHABAD HIGH COURTExtract: .......loyer could make a provision for the payment of bonus earlier than that date and claim it as a debt in the computation of his net wealth under the Wealth-tax Act. We, accordingly, answer the question in the negative, in favour of the department and against the assessee. The Commissioner of Income-tax is entitled to costs which we assess at Rs. 200.
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