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1998 (7) TMI 710 - SC - Indian Laws

The Supreme Court of India dismissed the appeal regarding the levy of tax on an incentive bonus paid by a company to its employees. The Court found that the incentive bonus was not paid on a regular basis as it was linked to production exceeding a specified minimum quantity, and thus did not fall within the definition of "salary" or "wage" for tax purposes. The appeal was dismissed, and no costs were awarded.

 

 

 

 

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