Part of exp. incurred on sold project which was spill over next year couldn’t be considered as prior period exp.

INCOME TAX-I : Where Assessing Officer made certain addition to assessee's income in respect of sale of property, in view of fact that said amount represented outstanding receivable from buyer in respect of property sold in earlier assessment year, impugned addition was to be deleted

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000195142/part-of-exp-incurred-on-sold-project-which-was-spill-over-next-year-couldn’t-be-considered-as-prior-period-exp.aspx