Assessee has claimed Rs.13.91 lakhs was prepaid expenses shown in previous assessment year 2013-14 (not debited in profit and loss account) and paid during assessment year 2013-14 after deduction of applicable withholding taxes; however, as assessee followed mercantile system of accounting, actual expenses had been booked during assessment year 2014-15 on account of fact that they relate to current financial year. The AO disallowed claim. Tribunal directed the AO to adjudicate the claim  in accordance with law. (AY. 2014-15)