Prior-Period Expenses Allowed When Liability Crystallises in Current Year

DCIT Vs Crystal Crop Protection Limited (ITAT Delhi)

Crystallisation Is Key, Not the Label: ITAT Allows Prior-Period Discount, Upholds 80-IA Deduction & Treats Subsidies as Capital Receipts

The Delhi Bench of the Income Tax Appellate Tribunal dismissed the Revenue’s appeals for AYs 2013-14 and 2018-19 and also dismissed the assessee’s cross-objection as academic, upholding the CIT(A)’s rel

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