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Income Tax - Highlights / Catch Notes

Home Highlights November 2018 Year 2018 This

Prior period expenses - It is not the case of the revenue that ...

Income Tax

November 17, 2018

Prior period expenses - It is not the case of the revenue that the expenses have been claimed twice but the short ground of disallowance is that since the expenses pertain to an earlier year, these expenses cannot be allowed. That approach is impermissible in law.

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