https://www.taxtmi.com/caselaws?id=65447 The Tribunal upheld the disallowance of expenses claimed by the assessee for deferred expenses, emphasizing the need for consistency and clarity in recognizing revenue expenditure incurred over multiple years. The appellant's argument that the expenses were incurred for business purposes and benefited over a three-year period was rejected, with the Tribunal citing legal principles that expenses not claimed in the right year lose the right to deduction. The Tribunal found no grounds to interfere with the CIT(A)'s decision and dismissed the appeal, affirming the disallowance of the claimed expenses. en-us Fri, 23 Dec 2005 00:00:00 +0530 Wed, 18 Jul 2012 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65447 The Tribunal upheld the disallowance of expenses claimed by the assessee for deferred expenses, emphasizing the need for consistency and clarity in recognizing revenue expenditure incurred over multiple years. The appellant's argument that the expenses were incurred for business purposes and benefited over a three-year period was rejected, with the Tribunal citing legal principles that expenses not claimed in the right year lose the right to deduction. The Tribunal found no grounds to interfere with the CIT(A)'s decision and dismissed the appeal, affirming the disallowance of the claimed expenses. Case-Laws Income Tax Fri, 23 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65447