https://www.taxtmi.com/caselaws?id=162232 A bona fide change in accounting method under section 145 can permit deduction of both bonus actually paid on cash basis and the provision for bonus in the transition year. Receipts such as technical collaboration fees, interest and rent were treated as part of the profits attributable to the priority industry for section 80-I deduction, following the assessee's earlier decision. Expenditure on maintenance of employee rest houses was held not allowable because the distinction between a rest house and a guest house was immaterial, and no prescribed register was maintained; the disallowance followed under sections 37(3) and 37(4). en-us Wed, 27 Mar 1991 00:00:00 +0530 Wed, 10 Dec 2025 17:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162232 A bona fide change in accounting method under section 145 can permit deduction of both bonus actually paid on cash basis and the provision for bonus in the transition year. Receipts such as technical collaboration fees, interest and rent were treated as part of the profits attributable to the priority industry for section 80-I deduction, following the assessee's earlier decision. Expenditure on maintenance of employee rest houses was held not allowable because the distinction between a rest house and a guest house was immaterial, and no prescribed register was maintained; the disallowance followed under sections 37(3) and 37(4). Case-Laws Income Tax Wed, 27 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162232