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1981 (12) TMI 105 - ITAT MADRAS-DExtract: .......tuity, leave and security, we have to agree with the argument of the ld. Rep. that what is called bonus is nothing more than a deferred wage in the facts and circumstances of the case. It has also been credited to them in the relevant accounting year itself. hence the amount has to be allowed as a deduction. 4. In the result, the appeal is allowed.
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