https://www.taxtmi.com/highlights?id=34502 Prior period expenses - payment of interest on unspent subsidy - the expenditure which is a compensation of the earning made by the assessee on account of funds of government of India being used by the assessee for intermittent period, becomes an expenditure which is allowable u/s 37(1) of the assessee during the current year - AT en-us Mon, 24 Apr 2017 07:23:38 +0530 Mon, 24 Apr 2017 07:04:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=34502 Prior period expenses - payment of interest on unspent subsidy - the expenditure which is a compensation of the earning made by the assessee on account of funds of government of India being used by the assessee for intermittent period, becomes an expenditure which is allowable u/s 37(1) of the assessee during the current year - AT Highlights Income Tax Mon, 24 Apr 2017 07:23:38 +0530 https://www.taxtmi.com/highlights?id=34502