https://www.taxtmi.com/caselaws?id=307618 The appeal was against the addition of Rs. 7,37,186 as Prior Period Expenditure for the assessment year 2012-13. The Tribunal upheld the addition of Rs. 87,263 for Prior Period Expenses, which was not challenged by the assessee. However, the remaining addition of Rs. 6,49,923 was dismissed as the claim of excess income from FDR as expenditure in the current year was not substantiated with a legal basis. The Tribunal found the appeal to be frivolous and lacking merit, ultimately dismissing it. en-us Thu, 12 Jan 2017 00:00:00 +0530 Tue, 25 Apr 2023 22:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307618 The appeal was against the addition of Rs. 7,37,186 as Prior Period Expenditure for the assessment year 2012-13. The Tribunal upheld the addition of Rs. 87,263 for Prior Period Expenses, which was not challenged by the assessee. However, the remaining addition of Rs. 6,49,923 was dismissed as the claim of excess income from FDR as expenditure in the current year was not substantiated with a legal basis. The Tribunal found the appeal to be frivolous and lacking merit, ultimately dismissing it. Case-Laws Income Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307618