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2012 (7) TMI 299 - HC - Income TaxPrior period expenditure – payment/ deposit under the Over Your Telephone (OYT) scheme for securing a telephonic connection - assessee did not claim the OYT deposit as an expenditure in the year of payment and had treated it as a deferred revenue expenditure which was debited in the profit and loss account in the next three years – Held that:- Quantum of expenditure, rent payable etc. the assessee had followed the accounting practice - revenue had accepted the said proportionate set off/ expenditure in the earlier and the subsequent years - Making or adopting a change in one year will lead to anomalies and incongruities – In favor of assessee
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