https://www.taxtmi.com/caselaws?id=197721 The Tribunal upheld the CIT(A)'s decision regarding the deduction for prior period expenses, dismissing the revenue's appeal. The Tribunal emphasized the need to consider the overall status of prior period income and expenses, referencing Delhi HC judgments supporting the allowance of such expenses based on accrual principles. The revenue's arguments challenging the CIT(A)'s decision were deemed unacceptable, as the Tribunal found that the assessing officer's treatment of prior period income and expenses was inconsistent. en-us Thu, 10 Feb 2011 00:00:00 +0530 Sat, 13 Jan 2018 10:34:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197721 The Tribunal upheld the CIT(A)'s decision regarding the deduction for prior period expenses, dismissing the revenue's appeal. The Tribunal emphasized the need to consider the overall status of prior period income and expenses, referencing Delhi HC judgments supporting the allowance of such expenses based on accrual principles. The revenue's arguments challenging the CIT(A)'s decision were deemed unacceptable, as the Tribunal found that the assessing officer's treatment of prior period income and expenses was inconsistent. Case-Laws Income Tax Thu, 10 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197721