https://www.taxtmi.com/caselaws?id=795006 Unpaid bonus provisions are disallowable in the year claimed unless the statutory payment condition is met, but the corresponding income must be reduced if the same amount was offered to tax in the succeeding year, preventing duplicate taxation. Provisions against standard assets may qualify for deduction under the framework for bad and doubtful debts. A provision for income tax already added back in the computation cannot be disallowed again. Following recomputation of the preceding year, any remaining unabsorbed depreciation may be carried forward and set off in the following year. Ex-gratia employee incentives paid under an employee incentive policy are allowable business expenditure in the year of payment and are not disallowable merely because the liability accumulated earlier. en-us Fri, 10 Jul 2026 00:00:00 +0530 Wed, 15 Jul 2026 08:21:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=795006 Unpaid bonus provisions are disallowable in the year claimed unless the statutory payment condition is met, but the corresponding income must be reduced if the same amount was offered to tax in the succeeding year, preventing duplicate taxation. Provisions against standard assets may qualify for deduction under the framework for bad and doubtful debts. A provision for income tax already added back in the computation cannot be disallowed again. Following recomputation of the preceding year, any remaining unabsorbed depreciation may be carried forward and set off in the following year. Ex-gratia employee incentives paid under an employee incentive policy are allowable business expenditure in the year of payment and are not disallowable merely because the liability accumulated earlier. Case-Laws Income Tax Fri, 10 Jul 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=795006