Disallowance of prior paid expenses - prior period expenses can ...
Prior Period Expenses Allowed if Bills Received Later; Follow Accounting Standard 5 for Proper Treatment in Accounts.
June 12, 2014
Case Laws Income Tax AT
Disallowance of prior paid expenses - prior period expenses can be allowed if bills are received in subsequent year - AS-5 stipulates that such expenditure should be given a particular treatment in the accounts - AT
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