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2005 (4) TMI 19 - ALLAHABAD HIGH COURTAmount paid as incentive bonus - The Commissioner of Income-tax (Appeals) and the Tribunal have recorded findings that it was paid at figures varying from 10 per cent. to 19 per cent. of the salary depending upon the performance appraisal of each employee on time scale by way of additional salary linked with productivity and efficiency of the worker. The said amount was paid to the employees as production incentive and was wholly and exclusively for the purposes of business and as such, allowable under section 37 of the Act.
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