Addition of prior period expenditure while computing book profit ...

Prior Period Expenses Confirmed as Additions to Book Profit u/s 115JB; Not Listed as Deductible Items.

August 12, 2019

Case Laws Income Tax AT

Addition of prior period expenditure while computing book profit u/s 115JB - assessee has shown as an item “below the line” and not claimed in normal computation - it is an undisputed fact that the prior period expenses is not an item of deduction listed in Explanation 1 of sec. 115JB in the list of deductions to be made from net profit - addition confirmed

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Addition of prior period expenditure while computing book profit ...

Prior Period Expenses Confirmed as Additions to Book Profit u/s 115JB; Not Listed as Deductible Items.

August 12, 2019

Case Laws Income Tax AT

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