1,01,530 provided as bonus relating to the profits of the assessment year 1961 62 was an allowable deduction under Section 10 2 x of the Indian Income tax Act, 1922 ?
The assessment year companycerned is 1961 62, the relevant accounting year being the year ending on September 19, 1960.
During the accounting year relevant to the assessment year 1961 62, the assessee had made a provision in a sum of Rs.
This appeal is preferred by the assessee against the judgment of the Allahabad High Court in Income tax Reference No.
The dispute was referred on September 7, 1960, to a companymittee formed for this purpose by the Government.
The workers had raised a dispute demanding bonus.
1,01,530 towards bonus and claimed deduction of the said amount in its assessment proceedings.
711 of 1973.
