2016 (7) TMI 1564

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..... Revenue does not dispute that the company would be taxed at the same rate in the present assessment year or during earlier year. It is also not disputed that prior period income was declared by the assessee during the current year which is also accepted by the Revenue. No question of law therefore, arises - Tax Appeal No. 573 of 2016 - - - Dated:- 20-7-2016 - Mr. Akil Kureshi And Mr. A.J. Sha .....

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..... 2016, against the same assessee, we made the following observations : 2. Main question is sum of ₹ 67.88 lacs(rounded off) which the Assessing Officer and CIT(Appeals) disallowed treating the expenditure as a prior period expenditure. The Tribunal reversed the findings of the Revenue authorities primarily on two grounds. Firstly, that the assessee being a company was charged uniformly f .....

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