Expenditure disallowed as necessary conditions of revenue expenditure not satisfied

Adler Mediequip Pvt. Ltd. Vs DCIT (ITAT Pune) Held that assessee had failed to satisfy the conditions precedent to claim as revenue expenditure, as the expenditure was incurred during the previous year relevant to the assessment year under consideration. Therefore, the claim cannot be allowed as deduction Facts- The appellant is a company incorporated under the provisions of the Companies Act, 1956. The ROI for the AY 2017-18 was filed disclosing Rs. Nil income. The assessee reported some international transaction in Form No. 3CEB. AO referred the said transactions to TPO. TPO passed order u/s...