Deduction of prior period expenditure in the current year under Income Tax
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....eduction of prior period expenditure in the current year under Income Tax <br>News and Press Release<br>Dated:- 3-11-2010<br><BR>Recent Decision COMMISSIONER OF INCOME-TAX Versus EXXON MOBIL LUBRICAN....
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....TS P. LTD [2010 -TMI - 78175 - DELHI HIGH COURT] Whether expenditure related to prior period are eligible for deduction during the current year? The answer is yes where liability was deter-mined and....
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.... crystallized in the year in question. Relied upon Decisions: Nonsuch Tea Estates Limited Versus Commissioner of Income-Tax, Madras [2008 -TMI - 6434 - SUPREME Court] Saurashtra Cement And Chemica....
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....l Industries Limited Versus Commissioner Of Income-Tax [2008 -TMI - 19446 - GUJARAT High Court] Additional Commissioner Of Income-Tax Versus Farasol Limited [2008 -TMI - 26220 - RAJASTHAN High Court]....
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.... The following decision of Apex court has been distinguished: Bharat Earth Movers Versus Commissioner of Income-Tax [2008 -TMI - 5816 - SUPREME Court]<BR> News - Press release - PIB....




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