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| The Tax Publishers2019 TaxPub(DT) 6954 (Agra-Trib) INCOME TAX ACT, 1961
Section 143(3)
As assessee had not taken into account prior period expenses for computation of income, there was no reason for AO to make disallowance.
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Assessment - Disallowance of prior period expenses - No such expenses claimed in computation of income -
AO while computing assessee's income made disallowance of prior period expenses. AO disallowed the amount of Rs. 13 lakhs on account of prior period expenses. Assessee submitted that it had not claimed this amount in computation of income.Held: Assessee had not taken into account prior period expenses for computation of income, therefore, there was no reason for AO to make disallowance.
REFERRED :
FAVOUR : In assessee's favour.
A.Y. : 2008-09
INCOME TAX ACT, 1961
Section 145 Section 5
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