TMI Blog2014 (1) TMI 1889X X X X Extracts X X X X X X X X Extracts X X X X ..... at whilst deciding the assessee s appeal for assessment year 2006-07, we had confirmed the impugned disallowance by holding that the payments in question are nothing but bonus which is only an appropriation of the profits. A perusal of the pleadings raised by the assessee in its grounds reveals that it had also quoted various case laws in support of the arguments. Admittedly, the same have nowhere ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HAN ALANKAMONY, ACCOUNTANT MEMBER AND SHRI S. S. GODARA, JUDICIAL MEMBER For the Petitioner : Shri N. Quadir Hoseyn, Advocate For the Respondent : Shri S. Dasgupta, JCIT ORDER PER S.S.GODARA, JUDICIAL MEMBER The instant petition u/s 254(2) of the Income-tax Act, 1961 (in short the Act ), has been filed by the assessee seeking modification/rectification of the order dated ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the assessee in its grounds reveals that it had also quoted various case laws in support of the arguments. Admittedly, the same have nowhere been taken up in the order sought to be modified/rectified. Accordingly, to this limited extent, we recall our order to re-examine the assessee s contentions on merits. 5. Coming to the disallowance on merits, the only reason stated right from Assessing O ..... X X X X Extracts X X X X X X X X Extracts X X X X
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