https://www.taxtmi.com/highlights?id=36283 Interest liability was raised on the assessee by the credit card company which was settled by the assessee in the instant year and, therefore, the interest liability in question crystallized during the year itself. The impugned expenditure could not be treated as a prior period expenditure. en-us Wed, 13 Sep 2017 08:18:38 +0530 Wed, 13 Sep 2017 08:18:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=36283 Interest liability was raised on the assessee by the credit card company which was settled by the assessee in the instant year and, therefore, the interest liability in question crystallized during the year itself. The impugned expenditure could not be treated as a prior period expenditure. Highlights Income Tax Wed, 13 Sep 2017 08:18:38 +0530 https://www.taxtmi.com/highlights?id=36283