Addition can’t be made towards Disallowance of Bonus as Payment made for Bonus doesn’t falls u/s 40A(3) of Income Tax Act: ITAT [Read Order]

Addition - Addition can't be made towards Disallowance - Disallowance - Bonus - taxscan

The Chennai bench of the Income Tax Appellate Tribunal (ITAT) held that an addition cannot be made towards disallowance of bonus as payment made for bonus doesn’t fall under Section 40A(3) of the Income Tax Act, 1961. The assessee is engaged in the business of Textiles and readymade garments in the name and style of…

Your free access to Taxscan has Expired

To read the article, get a premium account.

Taxscan Premium

Why should you subscribe?
  • Enjoy our website without interruptions from advertisements
  • Receive Daily newsletters
  • Receive realtime Telegram/Whatsapp news updates
  • Download original Judgements / Order / Notifications / Circulars, etc
  • Enjoy exclusive entry fees to Simplified series. (Webinars, Seminars, masterclasses, etc.)
  ₹1199 + GST for 1 year

Subscribe Now

taxscan-loader