https://www.taxtmi.com/caselaws?id=470539 Prior-period expenditure arising from reconciliation of assets, liabilities and common expenditure transferred on restructuring is deductible in the year when the liability crystallises. The issue had already been resolved in favour of the assessee in an earlier decision, and review of that decision was rejected. The stated legal position therefore allows deduction of such expenditure in the crystallisation year. en-us Tue, 03 Apr 2018 00:00:00 +0530 Thu, 30 Jul 2026 14:41:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470539 Prior-period expenditure arising from reconciliation of assets, liabilities and common expenditure transferred on restructuring is deductible in the year when the liability crystallises. The issue had already been resolved in favour of the assessee in an earlier decision, and review of that decision was rejected. The stated legal position therefore allows deduction of such expenditure in the crystallisation year. Case-Laws Income Tax Tue, 03 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470539