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Income Tax - Highlights / Catch Notes

Home Highlights July 2014 Year 2014 This

Expenditure has clearly being incurred by the assessee on ...

Case Laws     Income Tax

July 14, 2014

Expenditure has clearly being incurred by the assessee on capital account for the purpose of share capital- the expenditure cannot be allowed as a revenue expenditure u/s 37(1) as it is a capital expenditure - claim u/s 35DD also disallowed - AT

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