section 35D
This query is : Resolved
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.
24 September 2008
refer case Mohan Meakin Breweries Ltd . 117 ITR 501 (HP) Not an allowable expenditure.
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