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Income Tax - Highlights / Catch Notes

Home Highlights July 2012 Year 2012 This

Prior period expenditure - recognition on the basis of ...


Deduction for Prior Period Expenditure Allowed in Assessment Year 2006-07, Not in 2007-08.

July 13, 2012

Case Laws     Income Tax     AT

Prior period expenditure - recognition on the basis of finalization of negotiations - deduction is not permissible in assessment year 2007-08, but, it is permissible in assessment year 2006-07 - AT

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