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Income Tax - Highlights / Catch Notes

Home Highlights February 2019 Year 2019 This

Prior period expenditure cannot be disallowed simply by ...


Prior Period Expenditure Not Disallowed Due to Uncertainty in Relation to Specific Prior Period Income Receipts.

February 26, 2019

Case Laws     Income Tax     AT

Prior period expenditure cannot be disallowed simply by observing that it is not ascertainable whether this expenditure was incurred for earning a particular receipts offered under the head prior period income.

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