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TMI Blog2014 (3) TMI 1112X X X X Extracts X X X X X X X X Extracts X X X X ..... by it in the High Court. Such a ground cannot be countenanced. As admittedly the issue is covered in favour of the assessee, by the decision of the Tribunal in assessee’s own case for the earlier assessment year, we respectfully follow the same and dismiss the appeal of the Revenue. Addition towards Prior Period Expenditure - actually the amount was offered as income and the loss for the year i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Assessee by : Shri I.Kamasastry O R D E R Per J.Sudhakar Reddy (AM) : This is an appeal by the Revenue directed against the order of the Commissioner of Income-tax (Appeals)-I, Visakhapatnam, dated 30.12.2011, on the following ground:- 1. The Ld.CIT(A) has erred in deleting the addition made on account of prior period expenditure in as much as an appeal was filed on this ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... as actually the amount was offered as income and the loss for the year is reduced in the Profit Loss Account. 4. The assessee is supporting the order of the learned CIT(A) by explaining that in fact it was income earned by way of reduction in expenditure and that the CIT(A) is justified in deleting the addition. As the ground of the Revenue is not on the lines taken by the assessee in the cr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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