Court held that the amount paid as bonus is deductible in the year of payment. ie. AY. 2002-03. (40 of 2011 dt 10-4-2019)
CIT v. Apollo Tyres Ltd. (2019)419 ITR 100/(2020) 274 Taxman 258 (Ker.)(HC)
S. 43B : Certain deductions on actual payment –Bonus-Allowable as deduction in the year of payment.[ S.37(1) ]