https://www.taxtmi.com/caselaws?id=57423 Bonus liability accrues in the accounting year in which it becomes due under the Payment of Bonus Act, 1965; an extension of time for payment under section 19 affects only the date of payment and does not postpone accrual. Section 36, which deals with exemption, does not by itself defer the liability. On that basis, bonus already due in the earlier year could not be claimed as a deduction in later assessment years, and the deduction claim was rejected. en-us Mon, 27 May 1985 00:00:00 +0530 Fri, 10 Dec 2010 11:20:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57423 Bonus liability accrues in the accounting year in which it becomes due under the Payment of Bonus Act, 1965; an extension of time for payment under section 19 affects only the date of payment and does not postpone accrual. Section 36, which deals with exemption, does not by itself defer the liability. On that basis, bonus already due in the earlier year could not be claimed as a deduction in later assessment years, and the deduction claim was rejected. Case-Laws Income Tax Mon, 27 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57423