Prior period Expenses are beyond the scope of Section 154

JBJ Technologies Ltd. Vs DCIT (ITAT Delhi)

Introduction: The Income Tax Appellate Tribunal (ITAT) in Delhi, in the case between JBJ Technologies Ltd. and the Deputy Commissioner of Income Tax (DCIT), deliberated upon the applicability of Section 154 of the Income Tax Act in the adjustment of prior period expenses.

Background of the Case: The appeal was initiated by JBJ Technologies Ltd. against the decision of the Commissioner of Income Tax (Appeals)-National Faceless Appeal Centre (N

Please become a Premium member. If you are already a Premium member, login here to access the full content.