Setoff of public issue expenses with Interest accrued - ...

Share Application Money Must Be Banked Until Allotment; Interest Can Offset Public Issue Costs.

April 26, 2018

Case Laws Income Tax SC

Setoff of public issue expenses with Interest accrued - Respondent was statutorily required to keep the share application money in the bank till the allotment of shares was complete - the interest accrued to such deposit of money in the bank is liable to be setoff against the public issue expenses - SC

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Setoff of public issue expenses with Interest accrued - ...

Share Application Money Must Be Banked Until Allotment; Interest Can Offset Public Issue Costs.

April 26, 2018

Case Laws Income Tax SC

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