https://www.taxtmi.com/caselaws?id=307622 The Tribunal partially allowed the appeal, directing the deletion of the disallowance of Rs. 30,45,000/- as prior period expenses related to rent payment for stores at JW Marriot Hotel, Mumbai. The expenses were deemed allowable as they crystallized during the relevant financial year, with no prejudice to the Revenue. The Tribunal also set aside the disallowance of Rs. 6,86,317/- under Section 40(a)(ia) for non-deduction of TDS, allowing the assessee to present further evidence. The matter of disallowance of Rs. 2,82,317/- out of general charges as prior period expenses was referred back for examination. en-us Thu, 20 Jan 2022 00:00:00 +0530 Tue, 25 Apr 2023 22:12:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307622 The Tribunal partially allowed the appeal, directing the deletion of the disallowance of Rs. 30,45,000/- as prior period expenses related to rent payment for stores at JW Marriot Hotel, Mumbai. The expenses were deemed allowable as they crystallized during the relevant financial year, with no prejudice to the Revenue. The Tribunal also set aside the disallowance of Rs. 6,86,317/- under Section 40(a)(ia) for non-deduction of TDS, allowing the assessee to present further evidence. The matter of disallowance of Rs. 2,82,317/- out of general charges as prior period expenses was referred back for examination. Case-Laws Income Tax Thu, 20 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307622