https://www.taxtmi.com/caselaws?id=286563 The High Court upheld the Tribunal's decision to overturn the disallowance of Prior Period expenditure by the Revenue authorities, emphasizing uniform charging and no revenue impact. The Court noted the acceptance of prior period income by the Revenue, leading to the conclusion that no legal issue existed. Additionally, the Court dismissed the appeal concerning the disallowance of exemption claimed under section 10AA of the Act, as the Tribunal had remanded the issue without a decision, finding no legal question to address. en-us Wed, 20 Jul 2016 00:00:00 +0530 Wed, 04 Mar 2020 11:20:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=286563 The High Court upheld the Tribunal's decision to overturn the disallowance of Prior Period expenditure by the Revenue authorities, emphasizing uniform charging and no revenue impact. The Court noted the acceptance of prior period income by the Revenue, leading to the conclusion that no legal issue existed. Additionally, the Court dismissed the appeal concerning the disallowance of exemption claimed under section 10AA of the Act, as the Tribunal had remanded the issue without a decision, finding no legal question to address. Case-Laws Income Tax Wed, 20 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=286563