2011 (2) TMI 1536

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.... G.V.N. Hari, CA ORDER Per Shri S.K. Yadav, Judicial Member:- This appeal is preferred by the revenue against the order of the CIT(A) on following grounds: 1. The order of the CIT(A)-I, Visakhapatnam is erroneous in law and to the facts of the case; 2. The Ld. CIT(A) ought to have upheld the action of the Assessing Officer in disallowing the assessee's claim for deductio....

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....itted that the assessee has offered the prior period income during the impugned assessment year, therefore, he is also eligible to claim the prior period expenses. He has invited our attention at pg.no.3 of the assessment order in which the assessing officer himself has noted the prior period income and the expenditure. The Ld. Counsel for the assessee further contended that if prior period income....