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1991 (6) TMI 25 - CALCUTTA HIGH COURTExtract: .......ding that the payment of bonus as per bipartite agreement cannot be called as bonus and it was made for the purpose of the business and was deductible under section 37(1) of the Income-tax Act, 1961. ? We answer the reframed question in the affirmative and in favour of the assessee. There will be no order as to costs. SHYAMAL KUMAR SEN J. -I agree.
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