https://www.taxtmi.com/caselaws?id=162321 The High Court ruled in favor of the assessee on all issues raised in the case. The Court allowed the deduction for bonus provision under the mercantile system, upheld the admissibility of provision for bonus liabilities, and considered advance tax payments made after the due date for interest calculation. Additionally, the Court held that interest for non-payment of the last installment of advance tax should not be levied if paid during the financial year, ultimately rejecting the revenue's contentions. en-us Thu, 21 Apr 1994 00:00:00 +0530 Mon, 24 Feb 2014 17:09:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=162321 The High Court ruled in favor of the assessee on all issues raised in the case. The Court allowed the deduction for bonus provision under the mercantile system, upheld the admissibility of provision for bonus liabilities, and considered advance tax payments made after the due date for interest calculation. Additionally, the Court held that interest for non-payment of the last installment of advance tax should not be levied if paid during the financial year, ultimately rejecting the revenue's contentions. Case-Laws Income Tax Thu, 21 Apr 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=162321