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2016 (7) TMI 1564 - HC - Income TaxDisallowance of Prior Period expenditure - HELD THAT:- As decided in ADANI ENTERPRISES LTD. [2016 (7) TMI 1250 - GUJARAT HIGH COURT] expenditure of ₹ 67.88lacs is a fraction of the total income of the assessee company declared at ₹ 105.88 crores. Further, even the Revenue does not dispute that the company would be taxed at the same rate in the present assessment year or during earlier year. It is also not disputed that prior period income was declared by the assessee during the current year which is also accepted by the Revenue. No question of law therefore, arises
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