https://www.taxtmi.com/caselaws?id=310143 The Tribunal overturned the decision of the CIT(A) to partially disallow prior period expenses claimed by a public sector undertaking. The Tribunal held that the assessee's consistent accounting practice of booking such expenses was valid and supported by proper evidence, citing relevant case laws. The Tribunal emphasized the doctrine of consistency, ruling in favor of the assessee and allowing the appeals. en-us Fri, 01 Jul 2016 00:00:00 +0530 Mon, 09 Oct 2023 11:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310143 The Tribunal overturned the decision of the CIT(A) to partially disallow prior period expenses claimed by a public sector undertaking. The Tribunal held that the assessee's consistent accounting practice of booking such expenses was valid and supported by proper evidence, citing relevant case laws. The Tribunal emphasized the doctrine of consistency, ruling in favor of the assessee and allowing the appeals. Case-Laws Income Tax Fri, 01 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310143