https://www.taxtmi.com/caselaws?id=419733 The Tribunal ruled in favor of the appellant on both issues. The disallowance of prior period expenses was overturned, emphasizing the importance of consistent accounting practices. Additionally, the addition towards unexplained investment in building construction was deleted due to the AO's failure to refer the matter to the DVO for proper valuation, highlighting the necessity of following prescribed procedures for valuation disputes. en-us Fri, 11 Mar 2022 00:00:00 +0530 Thu, 05 May 2022 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419733 The Tribunal ruled in favor of the appellant on both issues. The disallowance of prior period expenses was overturned, emphasizing the importance of consistent accounting practices. Additionally, the addition towards unexplained investment in building construction was deleted due to the AO's failure to refer the matter to the DVO for proper valuation, highlighting the necessity of following prescribed procedures for valuation disputes. Case-Laws Income Tax Fri, 11 Mar 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419733