https://www.taxtmi.com/caselaws?id=14831 Bonus liability relating to a period before the assessee took over the proprietorship concern was not deductible in the relevant assessment year because the expense had not accrued during that year. The claim was for an earlier accounting period, and commercial expediency could not justify allowance of a liability that arose outside the assessment year. The deduction was therefore not allowable for the assessment year in question. en-us Tue, 01 Aug 2000 00:00:00 +0530 Thu, 23 Jul 2009 15:33:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14831 Bonus liability relating to a period before the assessee took over the proprietorship concern was not deductible in the relevant assessment year because the expense had not accrued during that year. The claim was for an earlier accounting period, and commercial expediency could not justify allowance of a liability that arose outside the assessment year. The deduction was therefore not allowable for the assessment year in question. Case-Laws Income Tax Tue, 01 Aug 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14831