TMI BlogPrior period expenses - payment of interest on unspent subsidy - the expenditure which is a compensation...Prior period expenses - payment of interest on unspent subsidy - the expenditure which is a compensation of the earning made by the assessee on account of funds of government of India being used by the assessee for intermittent period, becomes an expenditure which is allowable u/s 37(1) of the assessee during the current year - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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