CIT v Citi Financial Consumer Finance Ltd. (Delhi High Court)

The expenditure is to be fully allowed in the year in which the same is incurred provided it fulfills the test laid down under s 37, and only in exceptional cases can the expenditure be allowed to be spread over, that too, when the assessee chooses to do so as held by Delhi High Court in CIT v Citi Financial Consumer Finance Ltd — In favor of : The Assessee ; ITA Nos. 1820, 1974/2010 and  5/2011.

CIT Vs Citi Financial Consumer Finance Ltd

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