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section 35D

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23 September 2008 Whether expenditure incurred by an existing company engaged in non industrial activities for increasing authorised capital is allowable expenses u/s 35D or u/s 37 or not allow at all. Quote case law if any.

23 September 2008 it is not allowable in any sec.

24 September 2008 refer case Mohan Meakin Breweries Ltd . 117 ITR 501 (HP) Not an allowable expenditure.




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