2014 (3) TMI 1112

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....see by : Shri I.Kamasastry O R D E R Per J.Sudhakar Reddy (AM) : This is an appeal by the Revenue directed against the order of the Commissioner of Income-tax (Appeals)-I, Visakhapatnam, dated 30.12.2011, on the following ground:- "1. The Ld.CIT(A) has erred in deleting the addition made on account of prior period expenditure in as much as an appeal was filed on this issue before Honourabl....

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....red as income and the loss for the year is reduced in the Profit & Loss Account." 4. The assessee is supporting the order of the learned CIT(A) by explaining that in fact it was income earned by way of reduction in expenditure and that the CIT(A) is justified in deleting the addition. As the ground of the Revenue is not on the lines taken by the assessee in the cross objection, we do not find any....