Held that prior period expenditure, liability crystallised in relevant previous year is allowable as deduction. (AY.2012-13)
PCIT v. Balmer Lawrie And Co. Ltd. (2023)455 ITR 198/334 CTR 895/ 149 taxmann.com 286 (Cal)(HC)
S. 37(1) : Business expenditure-Prior period expenditure-Liability crystallised in relevant previous year-Allowable as deduction. [S. 145]