M/S.SHASUN CHEMICALS AND DRUGS LTD. vs. COMMISSIONER OF INCOME TAX, CHENNAI
The appeals are allowed
C.A. No.-009611-009611 - 2016Supreme Court16 Sept 2016
Section 35D
12. Question No. 1:
Whether expenditure incurred on
issue of shares is eligible to be amortized under Section
35D of the Act?
As already noted above, the Assessing Officer had
allowed the claim of the assessee in this behalf for the
Assessment Years 1994-95 and 1996-97. Such expenses which
are incurred and amortization whereof is sought under
Section
