https://www.taxtmi.com/caselaws?id=358336 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s deletion of the addition of Rs. 15,74,43,000/- on account of prior period expenses related to closing stock of raw materials and work-in-progress. The Tribunal held that the adjustments were correctly made in the current year and were allowable under section 37(1) of the Income Tax Act, 1961. en-us Wed, 04 Apr 2018 00:00:00 +0530 Tue, 10 Apr 2018 08:26:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=358336 The Tribunal dismissed the Revenue's appeal, affirming the CIT(A)'s deletion of the addition of Rs. 15,74,43,000/- on account of prior period expenses related to closing stock of raw materials and work-in-progress. The Tribunal held that the adjustments were correctly made in the current year and were allowable under section 37(1) of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 04 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=358336