https://www.taxtmi.com/caselaws?id=181161 The ITAT allowed the appeal, deleting the disallowance of various expenses and prior period expenses. The Tribunal upheld the genuineness of the expenditures, following its decisions in similar cases. It directed the AO to allow prior period expenses to enhance losses for future set-off, despite the Revenue's argument that the expenses were not claimed in the return of income. The High Court found no infirmity in the ITAT's decisions and dismissed the appeal. en-us Mon, 04 Jul 2011 00:00:00 +0530 Fri, 08 Apr 2016 14:20:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=181161 The ITAT allowed the appeal, deleting the disallowance of various expenses and prior period expenses. The Tribunal upheld the genuineness of the expenditures, following its decisions in similar cases. It directed the AO to allow prior period expenses to enhance losses for future set-off, despite the Revenue's argument that the expenses were not claimed in the return of income. The High Court found no infirmity in the ITAT's decisions and dismissed the appeal. Case-Laws Income Tax Mon, 04 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=181161