Claim of expenditure pertaining to earlier year - prior period ...

Prior Period Expenses Deductible This Year if Payment Obligation Arose in Previous Year.

March 5, 2019

Case Laws Income Tax HC

Claim of expenditure pertaining to earlier year - prior period expenses - If there was no accrual of the expenditure in the earlier year or had not become due. It became due only in this year i.e. it crystallized during the previous year relevant to the subject assessment year, deduction is duly allowable in this year.

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Claim of expenditure pertaining to earlier year - prior period ...

Prior Period Expenses Deductible This Year if Payment Obligation Arose in Previous Year.

March 5, 2019

Case Laws Income Tax HC

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