https://www.taxtmi.com/caselaws?id=419481 The Tribunal upheld the disallowance of prior period expenses paid to Suzlon Ltd. and professional consultancy expenses to M/s. V J Shroff and Co. The additional evidence admitted did not alter the decision. Emphasizing deductions for expenses incurred in the relevant year, the Tribunal clarified that the proviso to Section 40(a)(ia) did not apply as the expenses were from prior periods. The appeal was dismissed. en-us Wed, 19 Jan 2022 00:00:00 +0530 Sat, 12 Mar 2022 12:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419481 The Tribunal upheld the disallowance of prior period expenses paid to Suzlon Ltd. and professional consultancy expenses to M/s. V J Shroff and Co. The additional evidence admitted did not alter the decision. Emphasizing deductions for expenses incurred in the relevant year, the Tribunal clarified that the proviso to Section 40(a)(ia) did not apply as the expenses were from prior periods. The appeal was dismissed. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419481