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2013 (10) TMI 1084 - HC - Income TaxDisallowance as expenditure which was not claimed by assessee – Held that:- Rs.1,94,51,222/- in the earlier assessment year i.e., 2003-04, was shown as expense in the profit and loss account, but it was added back in the tax computation sheet. As there was error in the profit and loss account of the last assessment year, i.e. 2003-04, as the amount was treated/shown as an expenditure, a reverse entry was made in the profit and loss account of the current assessment year i.e. 2004-05 – Decided against the Revenue.
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