https://www.taxtmi.com/caselaws?id=341635 The ITAT dismissed appeals by both the revenue and the assessee, upholding decisions made by the CIT(A) regarding prior period expenses, forex derivative loss, depreciation on energy efficient devices, rented out buildings, interest on capital WIP, and building repair expenses. The ITAT emphasized the accrual principle for prior period expenses and the necessity of verifying details before disallowing claims, affirming the CIT(A)'s rulings on all issues. en-us Tue, 11 Apr 2017 00:00:00 +0530 Fri, 14 Apr 2017 06:58:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341635 The ITAT dismissed appeals by both the revenue and the assessee, upholding decisions made by the CIT(A) regarding prior period expenses, forex derivative loss, depreciation on energy efficient devices, rented out buildings, interest on capital WIP, and building repair expenses. The ITAT emphasized the accrual principle for prior period expenses and the necessity of verifying details before disallowing claims, affirming the CIT(A)'s rulings on all issues. Case-Laws Income Tax Tue, 11 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341635