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Disallowance of prior period expenses


05 July 2014 For example ,
If an expense has been omitted to be booked in year 1,then we would have paid more tax with respect to amount of expense ignored

If we book the same expense in year-2,it will be disallowed as prior period expenses and again tax burden will increase to such extent
This leads to Double taxation.
Weather my interpretation is correct???

06 July 2014 No. There is no disallowance of prior period expenses in Income Tax Act

07 July 2014 Please clarify, why prior period expenses are not disallowed and which section states that??


07 July 2014 whether in second year ,above mentioned expense will be allowed???



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