Bonus paid to directors can’t be disallowed if same was duly allowed in prior years: HC

INCOME TAX : Where amount paid by assessee company as bonus to directors was disallowed under section 40A(2)(b), however, none of authorities below had opined that grant of bonus to directors would either endanger existence of corporate entity or was prohibited under Payment of Bonus Act, 1965 or was not proportionate to services rendered by directors and in fact in previous assessment years,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000321005/bonus-paid-to-directors-can’t-be-disallowed-if-same-was-duly-allowed-in-prior-years-hc.aspx
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