Feedback   New User   Login      
Tax Management India. Com TMI - Tax Management India. Com
Acts / Rules Notifications Circulars Tariff/ ITC HSN Forms Case Laws Manuals Short Notes Articles SMS News Highlights
        Home        
Extracts
Home List
← Previous Next →

DCIT Circle-3 (1) Visakhapatnam Versus M/s. Hindustan Shipyard Ltd

2011 (2) TMI 1536 - ITAT VISAKHAPATNAM

ITA No.21/Vizag/2006 - Dated:- 10-2-2011 - SHRI SUNIL KUMAR YADAV, JUDICIAL MEMBER AND SHRI BR BASKARAN, ACCOUNTANT MEMBER Appellant By: Shri TH. L. Peter, CIT(DR) Respondent By: Shri G.V.N. Hari, CA ORDER Per Shri S.K. Yadav, Judicial Member:- This .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

Officer in disallowing the assessee s claim for deduction towards prior period expenses. 3. The Ld. CIT(A) failed to appreciate the fact that prior period expenses can be claimed as deduction in a succeeding year only on the basis of accrual/crystali .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

rious grounds of appeal but they all relate to the allowance of prior period expenses. The Ld. D.R. has emphatically argued that neither the prior period expenses have been crystalised in the impugned assessment year nor it was accrued. Therefore, it .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

as invited our attention at pg.no.3 of the assessment order in which the assessing officer himself has noted the prior period income and the expenditure. The Ld. Counsel for the assessee further contended that if prior period income is to be accepted .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

reful perusal of the orders of the authorities below, we find that assessee has offered the prior period income along with the expenditure during the impugned assessment year. The assessing officer has accepted the prior period income in this year bu .....

X X X X X X X

Extract - Part text only
Click here to Access Full Contents

X X X X X X X

 

 

 

 

 

Discussion Forum
what is new what is new
 


Share:            

|| Home || About us || Feedback || Contact us || Disclaimer || Terms of Use || Privacy Policy || TMI Database || Members ||

© Taxmanagementindia.com [A unit of MS Knowledge Processing Pvt. Ltd.] All rights reserved.

Go to Mobile Version