https://www.taxtmi.com/caselaws?id=56404 An assessment allowing deduction of additional bonus liability was held not to be erroneous or prejudicial for section 263 purposes because the amended bonus law had already enlarged the legal liability before the assessment was finalised. The Assessing Officer had examined the claim and accepted it after applying his mind, and deduction depended on a liability imposed by law rather than on whether the amount had been booked in an earlier accounting year. On those facts, the Commissioner could not revise the assessment under section 263 in respect of the additional bonus claim. en-us Thu, 12 Jan 1995 00:00:00 +0530 Fri, 03 Dec 2010 14:37:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56404 An assessment allowing deduction of additional bonus liability was held not to be erroneous or prejudicial for section 263 purposes because the amended bonus law had already enlarged the legal liability before the assessment was finalised. The Assessing Officer had examined the claim and accepted it after applying his mind, and deduction depended on a liability imposed by law rather than on whether the amount had been booked in an earlier accounting year. On those facts, the Commissioner could not revise the assessment under section 263 in respect of the additional bonus claim. Case-Laws Income Tax Thu, 12 Jan 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56404