Prior period expenses of fixed assets allowable in the year of crystallisation

DCIT Vs Dakshin Haryana Bijli Vitran Nigam Ltd. (ITAT Delhi)

The main issue under consideration is whether the addition of Rs.5.87 crores made by the Assessing Officer on account of prior period expenses of fixed assets is justified?

The assessee pointed out before the Assessing Officer that it was not prior period expenditure but the amount related to non-existing fixed assets which were written off in the year under consideration.

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