Audit Fees for Prior Period not allowable unless expenses gets crystallized in the year under consideration

BRIEF FACTS OF THE CASE AND QUESTION OF LAW Brief Facts and Question of Law: This is assessee’s appeal directed against the order passed by learned CIT (A)-I, Lucknow dated 06/02/2013 for the assessment year 2008-09. learned CIT(A)-I, Lucknow has not given weightage to this fact and legal status that provision of audit fee does not come under the ambit of 43B of the I.T. Act 1961. CONTENTION OF THE REVENUE Disallowance of Audit Fees related to A.Y. 2004-05, 2005-2006 and 2006-2007 a. The Revenue supported the order of learned CIT(A) and contended that the decision of CIT(A) is on the basis ...