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Income Tax - Highlights / Catch Notes

Home Highlights December 2013 Year 2013 This

Pre-operative expenses - where expenditure has been incurred in ...


Expenditure for Issuing Shares to Expand Capital Base is Allowable u/s 35D of Income Tax Act.

December 19, 2013

Case Laws     Income Tax     AT

Pre-operative expenses - where expenditure has been incurred in connection with issue of shares which are directly relatable to expansion to capital base of the company for raising of new projects, it would be allowable u/s. 35D - AT

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