https://www.taxtmi.com/caselaws?id=20619 The High Court upheld the Tribunal's decision, affirming that the assessee's change in the method of accounting for bonus payments from cash to mercantile was valid and consistent with accounting principles. The Court found no grounds for interference, ruling in favor of the assessee and answering the reference question affirmatively. en-us Wed, 19 Dec 1990 00:00:00 +0530 Mon, 16 Nov 2009 11:42:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20619 The High Court upheld the Tribunal's decision, affirming that the assessee's change in the method of accounting for bonus payments from cash to mercantile was valid and consistent with accounting principles. The Court found no grounds for interference, ruling in favor of the assessee and answering the reference question affirmatively. Case-Laws Income Tax Wed, 19 Dec 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20619