https://www.taxtmi.com/highlights?id=49959 Prior period expenses adjustment against the prior period income - once the prior period income is held to be taxable, the prior period expenditure also should be allowed to be set off and the assessee is not obliged in law to indicate any direct or indirect nexus between the prior period income and prior period expenditure. en-us Wed, 30 Oct 2019 12:24:18 +0530 Wed, 30 Oct 2019 12:24:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49959 Prior period expenses adjustment against the prior period income - once the prior period income is held to be taxable, the prior period expenditure also should be allowed to be set off and the assessee is not obliged in law to indicate any direct or indirect nexus between the prior period income and prior period expenditure. Highlights Income Tax Wed, 30 Oct 2019 12:24:18 +0530 https://www.taxtmi.com/highlights?id=49959