Prior Period Expenses: No deduction if there is no evidence that expenses had been crystallized during the year
Prior Period Expenses: No deduction if there is no evidence that expenses had been crystallized during the year Short Overview…
no deduction
Recent Posts
- Agricultural Income in New Income-tax Act, 2025: Tax-Free, But Not Trouble-Free Anymore (Part–4)
- Gujarat High Court pulls up CBDT for 11 years of non-compliance with Court directions on timely release of ITR forms & utilities.
- Section 68 Cannot Tax Recorded Sales Again | ITAT Mumbai Rules Against Double Taxation of Turnover
- Section 44AD vs 44ADA: Can Wrong TDS u/s 194J Turn Business Income into Professional Income? A Growing Litigation Issue
- ₹12.54 Crore Gift Case: ITAT Flags Genuineness Issues in Gift Received by Shilpa Shetty
- Section 54F Exemption & JDA Capital Gains Explained | Key ITAT Chennai Ruling in Kesavan Vanithamani vs ITO
- Section 44AD vs 44ADA: Can Wrong TDS u/s 194J Turn Business Income into Professional Income? A Growing Litigation Issue
- ITAT Can Recall Its Order If Binding Precedent Is Ignored | Section 254(2) Gets Strong Backing
- Section 50C & Section 54 – MOU vs Registration Date | ITAT Mumbai
- New Income Tax Act 2025: Fewer Forms, Smarter TDS & Simpler Compliance (Part-3)
