https://www.taxtmi.com/caselaws?id=179338 The ITAT upheld the CIT(A) order directing the re-computation of income by disallowing prior period expenses claimed in the current year and allowing them in the year of accrual. The ITAT modified the order, allowing prior period expenses to be claimed in the current year if crystallized, otherwise following the original direction. The Assessing Officer's failure to examine the issue initially led to the rectification order being rejected by the Dy. Commissioner. The ITAT directed a re-verification of prior period expenses and allowed the appeal for statistical purposes, setting aside the Assessing Officer's order. en-us Fri, 18 Jan 2013 00:00:00 +0530 Fri, 26 Feb 2016 16:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179338 The ITAT upheld the CIT(A) order directing the re-computation of income by disallowing prior period expenses claimed in the current year and allowing them in the year of accrual. The ITAT modified the order, allowing prior period expenses to be claimed in the current year if crystallized, otherwise following the original direction. The Assessing Officer's failure to examine the issue initially led to the rectification order being rejected by the Dy. Commissioner. The ITAT directed a re-verification of prior period expenses and allowed the appeal for statistical purposes, setting aside the Assessing Officer's order. Case-Laws Income Tax Fri, 18 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179338