1993 (2) TMI 4

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... r meeting such a contingent liability, it is not entitled to deduction of the said amount under section 10(2)(x) read with section 10(5) - - - - - Dated:- 18-2-1993 - N. VENKATACHALA. and B. P. JEEVAN REDDY. JUDGMENT This appeal is preferred by the assessee against the judgment of the Allahabad High Court in Income-tax Reference No. 711 of 1973. The question which was referred to the Hig .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... e workers are entitled to bonus. This notification, it is evident, was issued after the closing of the said accounting year of the assessee and it is by this notification that the liability to pay bonus was created. During the accounting year relevant to the assessment year 1961-62, the assessee had made a provision in a sum of Rs. 1,01,530 towards bonus and claimed deduction of the said amount in .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X