Tuesday, March 5, 2019

Banks are allowed to claim share issue expenses as preliminary expenses

IT: Assessee bank extending financial services, would be entitled to amortisation of preliminary expenses in connection with issue of shares for public subscription

from www.taxmann.com Latest Case Laws https://ift.tt/2C46SX9

No comments:

Post a Comment

AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...