Deduction of outgoings for purposes of computation ‑ Whether political contributions constitute outgoings within the meaning of clause (j) of sub‑section (4)

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..... 209;PR, Dated:- 8-1-1962 Circular - Circulars - Companies Law - Letter : No. 8/23(349)/61 ‑ PR, dated 8 ‑ 1 ‑ 1962. Subject:- Deduction of outgoings for purposes of compu .....

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..... j) of section 349(4) is not material since the language used therein, viz., outgoings inclusive of... is only illustrative and does not purport to be exhaustive. The Research Committee of the Insti .....

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