Share issue expenses are capital in nature; no deduction allowable under section 37

INCOME TAX : Expenditure incurred by assessee company for public issue of shares was capital in nature and, thus, same could not be allowed under section 37(1)INCOME TAX : Expenditure incurred by assessee company for public issue of shares was capital in nature and, thus, same could not be allowed under section 37(1)www.taxmann.com Latest Case LawsRead More

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