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1980 (7) TMI 86 - KARNATAKA HIGH COURT
Extract:
.......amount paid by way of bonus was not perquisite and, therefore, could not be taken into account in making disallowance on the basis of the restriction to be applied at 1/5th of the salary is correct. Accordingly, we answer the question in the first two references also in the affirmative and in favour of the assessee. Parties to bear their own costs.