Prior period expenditure - Assessee cannot be allowed to claim ...

Assessee cannot claim prior period expenses as revenue expenses without proof, even if for long-term interest protection.

March 25, 2014

Case Laws Income Tax AT

Prior period expenditure - Assessee cannot be allowed to claim such expenditure as revenue expenses which is claimed to have been incurred to safeguard the long term interest of the assessee, which remains unsubstantiated - AT

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Prior period expenditure - Assessee cannot be allowed to claim ...

Assessee cannot claim prior period expenses as revenue expenses without proof, even if for long-term interest protection.

March 25, 2014

Case Laws Income Tax AT

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