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Income Tax - Highlights / Catch Notes

Home Highlights May 2021 Year 2021 This

Deduction on account of prior period expenditure - the said ...


Income Tax Appeal: Deductions for Staff Incentives, Contractor Fees, and Power Supplier Arrears Approved by CIT(A) as Recurring.

May 20, 2021

Case Laws     Income Tax     AT

Deduction on account of prior period expenditure - the said expenditures are mainly in the nature of incentives payable to staff, payment of fees to contractors, payment of arrears to suppliers of power etc. - As CIT-A had deleted the said disallowance by stating that this is a recurring issue from earlier years - Order of CIT(A) confirmed - AT

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