TMI BlogDisallowance of prior period interest expenses - As assessee had included the same in the closing...Disallowance of prior period interest expenses - As assessee had included the same in the closing work-in-progress in AY 2012-13. Hence this is a clear case of omission of booking an expenditure to the closing work in progress, which was rectified during the year under consideration. In any case, we find that assessee has not claimed any deduction for the same warranting any disallowance. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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