29 August 2012
In this sec. It is mentioned that 1/5 th deduction shall b available to d amalgamating co. For expenditure incurred by it for d purposes of amalgamation, in the yr of amalgamation. Does that mean that balance of expenditure will not b allowed for deduction, sice amalgamating co. Cease to exists and nothing is mentioned regarding deduction to amalgamated co.
CAclubindia
