M/S.SHASUN CHEMICALS AND DRUGS LTD. vs. COMMISSIONER OF INCOME TAX, CHENNAI
The appeals are allowed
C.A. No.-009611-009611 - 2016Supreme Court16 Sept 2016
Section 35D
28 of the Act. The amount paid by way of bonus is
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JUDGMENT
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one such expenditure which is allowable under clause (ii)
of sub-section (1) of Section 36. There is no dispute
that this amount was paid by the assessee to its
employees within the stipulated time. Embargo specified
under Section
