Delhi HC allows Income Tax Deduction of Payment of Bonus by Company to Director: Directs Dept to follow Rule of Consistency [Read Order]

Delhi High Court - Deduction of Payment of Bonus by Company - Director - Directs Department - Rule of Consistency - Taxscan

A division bench of the Delhi High Court has allowed the deduction of payment of bonus by a Company to its Directors by directing the income tax department to follow the rule of consistency. The department, while concluding the assessment proceedings against the Company, M/s BMO Advisors Pvt. Ltd, observed that no justification was given…

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