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Prior Period Exps

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(Querist)
12 April 2011 1) Whether Prior Period Exps is disallowed while calculating then taxable business income?

2) In what cases is prior period exps. allowable exps?
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Abhishek

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Abhishek (Expert)
13 April 2011 Prior period expenses are disallowed in computing the income tax of the year....

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