TMI BlogDisallowance of prior period expenses - merely debited expenditure in Profit and Loss account during...Disallowance of prior period expenses - merely debited expenditure in Profit and Loss account during year is not sufficient to claim expenditure pertaining to this year unless prove that this expenditure has crystallised during the year - If assessee proved that the liability was determined and crystallised during the year it will be allowable other wise it is disallowable. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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