Prior period Expenses not allowable

Ground No. 3 relates to disallowance of prior period expenses amounting to Rs. 2,33,864/-. The Ld. Counsel for the assessee submitted that expenses of petty nature have been written off during the year, details of which have been furnished during the course of assessment proceedings. The Ld. DR strongl

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3 Comments

What if supplier raise invoice for last year in current year as it was missed from their end and wanted us to pay so can we book such invoice and claim those expenses as it pertains to last to last year. Please guide.